GRNNF - Grand City Properties: 8.8% Yield Likely Ahead

2024-03-07 09:26:38 ET

Summary

• Grand City Properties is likely to resume dividend payments related to 2023 earnings, making it a high-dividend yielder.
• The company's shares are currently undervalued, trading at only 0.35x NAV, making it an interesting income and value play in the European real estate sector.
• Despite the cyclical downturn in the real estate market, Grand City Properties has reported a resilient operating performance and protected its balance sheet through asset disposals.

Grand City Properties ( OTCPK:GRNNF ) is likely to resume dividend payments related to 2023 earnings, becoming a high-dividend yielder. This happens mainly because its shares are currently undervalued, trading at only 0.35x NAV, making it an interesting income and value play in the European real estate sector....

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