GRNNF News and Press, Grand City Properties SA

2024-07-18 16:33:29 ET Summary Like the European real estate sector, Aroundtown shares decreased significantly since 2022. Shares have recovered but are still down more than 60%. Aroundtown is engaged in the Office and Hotel properties sectors. The company also has significant exp...

2024-07-18 08:12:52 ET Summary Grand City Properties has shown resilient operating performance and improved balance sheet and liquidity, but its undervaluation persists. GCP's positive rental income growth is supported by the tight German residential market, with potential for fur...

2024-06-11 12:45:00 ET Summary The real estate sector finds itself in a competitive position when it comes to both alignment levels and eligibility for Turnover, CapEx and OpEx compared to most other sectors. Narrowing the gap between the two isn’t going to be entirely stra...

2024-03-27 13:44:24 ET Summary Aroundtown has suspended its 2023 dividend payment due to market uncertainties and the need for capital preservation. This decision follows a similar move by Grand City Properties, in which Aroundtown holds a controlling 63% stake. Aroundtown del...

2024-03-21 16:09:04 ET Summary Grand City Properties has suspended its 2023 dividend due to market uncertainties and limited visibility on the impact of leverage and financing costs. Liquidity preservation, cash on hand, and signed disposals should allow the company to meet all ma...

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 ...

2023-11-06 10:44:53 ET Summary Like the whole German real estate sector, Grand City Properties shares have decreased significantly since last year. GCP has better debt metrics and a lower valuation than larger peers like Vonovia. While the sector has recovered partially since ...

2023-10-16 09:49:54 ET Summary Like the whole German real estate sector, Vonovia shares have decreased significantly since last year. However, strong macroeconomic tailwinds provide a long runway upward. The pace depends on the development of the interest rate environment. ...

2023-08-17 02:18:19 ET Summary Grand City Properties has reported a positive operating performance in the first half of 2023. Despite portfolio valuations being impacted by rising interest rates, rental income growth remains solid. GCP's balance sheet and liquidity position ar...

2023-06-20 18:47:50 ET Summary Real estate sector's negative sentiment creates investment opportunities, such as Grand City Properties, which has a strong financial profile and trades at a deep discount to its NAV. Grand City Properties benefits from growing rents and falling vaca...