Grand City Properties S.A. (IRSH) Grand City Properties S.A. announces successful exchange and tender offer supporting credit metrics and FFO. Issuing new benchmark perpetual note. 10-Apr-2024 / 12:01 CET/CEST The issuer is solely responsible for the content of this announcement. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS GRAND CITY PROPERTIES S.A. ANNOUNCES SUC...
EQS-News: Grand City Properties S.A. / Key word(s): Corporate Action/Tender Offer Grand City Properties S.A. announces successful exchange and tender offer supporting credit metrics and FFO. Issuing new benchmark perpetual note. 10.04.2024 / 12:00 CET/CEST The issuer is solely responsible for the content of this announcement. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS O...
S&P upgrades Masmovil’s rating to BB/stable from B/cw positive Altice France: S&P cuts the rating tp CCC/developing from B-/stable Rallye and holding companies: opening of compulsory liquidation proceedings Imerys has entered into exclusive negotiations with Flacks Group for the contemplated divestment of its assets serving the paper market.>...
S&P relève le rating de Masmovil de B/cw positive à BB/stable Rallye et ses holdings vont solliciter l’ouverture d’une procédure de liquidation judiciaire Imerys : entrée en négociation exclusive avec le groupe Flacks en vue de la cession de ses actifs servant le marché du papier. Altice France : S&P dégrade le rating de B-/stable à CCC+/developing>...
Grand City Properties S.A. (IRSH) Grand City Properties S.A. launches an exchange offer with 15% tender option to the holders of certain perpetual notes 02-Apr-2024 / 07:58 CET/CEST The issuer is solely responsible for the content of this announcement. Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 Grand City Properties S.A. launches an exchange offer with 15% tender option to the holders of certain perpetual notes Luxembourg, 2 April 2024 - The Board of Directors of Grand City Properties S.A. (the "Company" and together with its subsidia...
We are downgrading our recommendation on Vidrala to Underperform from Neutral and set our target price at € 96 (+4% vs previous € 92, DCF: 8.4x implied EV/EBITDA 2024e vs historical average of 9.2x and 6.1x of peer group). While the group will be able to outgrow the industry thanks to the consolidation of Vidroporto in Brazil (16% of the group’s EBITDA) and despite the divestment in Italy (8% of 2023 EBITDA), we believe its organic earnings profile will slightly deteriorate considerin...
We are downgrading our recommendation on Vidrala to Underperform from Neutral and set our target price at € 96 (+4% vs previous € 92, DCF: 8.4x implied EV/EBITDA 2024e vs historical average of 9.2x and 6.1x of peer group). While the group will be able to outgrow the industry thanks to the consolidation of Vidroporto in Brazil (16% of the group’s EBITDA) and despite the divestment in Italy (8% of 2023 EBITDA), we believe its organic earnings profile will slightly deteriorate considerin...
>The direct investment market is still muted today, but we think real estate markets could reignite after seeing the first interest rate cuts - We visited the annual real estate conference MIPIM in Cannes last week. Although the weather was great, the mood in the investment market was still a bit muted. The changes in the real estate market leaves many investor uncertain today. It is still too early to see transactions to go up materially and pricing recovery in the ...
>Initial FFO I 2024e outlook a shade above the consensus - This morning, Grand City (GCP) reported FY 2023 figures which were slightly above expectations but announced that it is to suspend the dividend for 2023. Management issued initial FY 20234e FFO I guidance of € 175-188m (-4.8% to +2.2% y-o-y) whereas our estimate of € 175.7m is at the lower end of the range and the consensus forecast of € 173.2m is slightly below.Earnings from property lettings rose y-o-y ...
EQS-News: Grand City Properties S.A. / Key word(s): Annual Report/Annual Results Grand City Properties S.A. announces FY 2023 results with robust operational growth and stable LTV 13.03.2024 / 06:44 CET/CEST The issuer is solely responsible for the content of this announcement. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS GRAND CITY PROPERTIES S.A. ANNOUNC...
Grand City Properties S.A. (IRSH) Grand City Properties S.A. announces FY 2023 results with robust operational growth and stable LTV 13-March-2024 / 06:46 CET/CEST The issuer is solely responsible for the content of this announcement. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS GRAND CITY PROPERTIES S.A. ANNOUNCES FY 2023 RESULTS WITH ROBUST OPERATIONAL GROWTH AND...
Grand City Properties S.A. (IRSH) Grand City Properties S.A. suspending 2023 dividend payout as elevated uncertainties in markets remain 12-March-2024 / 20:29 CET/CEST The issuer is solely responsible for the content of this announcement. Public disclosure of inside information according to Article 17 para. 1 of the Regulation (EU) No 596/2014 on market abuse (market abuse regulation – MAR) Grand City Properties S.A. suspending 2023 dividend payout as elevated uncertainties in markets remain Luxembourg, 12 March 2024 - The Board of Directors (the “Board”) of Grand City Propertie...
SoftBank Group: significant pre-tax profit in Q3 2023/24 erasing losses in H1Ontex: Sequential Adj. EBITDA margin improvement in Q4 23… but pricing growth comes to an endURW: after good Q4, URW returns to dividend policySoitec: Publication of Q3 2023/24 sales and profit warningTAG co-CEO warns on greater downside risk for German residential real estate>...
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