GRAND CITY Properties S.A. : Q3 2024 results in line with our estimates containing no surprises
>FY 2024e guidance confirmed - Grand City (GCP) reported this morning Q3 2024 figures which were in line with our estimates and confirmed its FY 2024e FFO I guidance of € 180m-190m. Net rental income grew by +2.2% y-o-y to € 105.4m which was a touch below our forecast of € 106.4m while earnings from property lettings increased slightly stronger to € 86.6m (+5.3% y-o-y), in line with our estimate of € 86.1m. FFO I of € 47.2m was basically flat y-o-y translating in...Grand City Properties is a specialist real estate company based in Luxembourg. Co. is focused on investing in and managing turnaround opportunities in the German real estate property market. Co. is active in all relevant asset and property management activities along the real estate value chain from buying to redeveloping, managing and selling real estate properties. Co. also maintains a centralized 24/7 Service Center to coordinate and assure tenant satisfaction. Co.'s portfolio is located mainly in Berlin, North Rhine Westphalia, Dresden, Leipzig, Halle, Nuremberg, Munich, Mannheim, Frankfurt, Bremen and Hamburg.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.