Report
Manuel Martin, CEFA,CREA

GRAND CITY Properties S.A. : We have fine-tuned our estimates to the upside

>We raise our rental estimates slightly - Grand City (GCP) is due to publish its FY 2021 results on 16 March. We do not expect any major surprise but have fine-tuned our estimates to the upside. For the first time since YE 2019, GCP has increased the size of its portfolio. It grew to 64.9k residential units as of 9M 2021 from 59.7k as of H1 2021. This was mainly achieved through the increase in a JV stake resulting in a full consolidation of a portfolio of more t...
Underlying
Grand City Properties SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Manuel Martin, CEFA,CREA

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