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Grand City Properties SA (GYC.DE)

GYC.DE on Xetra

20.22EUR
6:18pm IST
Change (% chg)

€0.04 (+0.20%)
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€20.18
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€20.28
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€20.38
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€20.08
Volume
55,330
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299,564
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€24.00
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€13.82

Latest Key Developments (Source: Significant Developments)

Grand City Properties Proposes Share Buy-Back Programme To Be Authorized By AGM
Monday, 25 May 2020 

May 25 (Reuters) - Grand City Properties SA ::ANNOUNCES TODAY PUBLICATION OF CONVENING NOTICE AND RELATED MATERIALS FOR ANNUAL GENERAL MEETING OF SHAREHOLDERS OF COMPANY TO BE HELD ON 24 JUNE 2020.PROPOSED DISTRIBUTION OF A DIVIDEND IN AMOUNT OF EUR 0.8238 (GROSS) PER SHARE.ALSO PROPOSED OFFERING A SCRIP DIVIDEND FOR THOSE SHAREHOLDERS WHO WISH TO RECEIVE THEIR DIVIDEND IN FORM OF GCP SHARES INSTEAD OF CASH.BOARD OF DIRECTORS PROPOSES A SHARE BUY-BACK PROGRAMME, TO BE AUTHORIZED BY AGM.  Full Article

Grand City Properties Cuts 2020 FFO I Guidance, Says No Material Negative Impact From Covid-19
Monday, 18 May 2020 

May 18 (Reuters) - Grand City Properties SA ::NET RENTAL INCOME IN Q1 2020 REMAINED STABLE EUR 95 MILLION AS COMPARED TO Q1 2019, ALTHOUGH NET DISPOSALS..ADJUSTED EBITDA AMOUNTED TO EUR 74 MILLION FOR Q1 2020, UP 2% YOY..CORE PROFITABILITY GROWTH SUSTAINED WITH FFO I FOR Q1 2020 GROWING BY 5% TO EUR 55 MILLION IN COMPARISON TO Q1 OF 2019..DGAP-NEWS: GRAND CITY PROPERTIES S.A. ANNOUNCES Q1 2020 RESULTS.Q1 PROFIT FOR PERIOD AMOUNTED TO EUR 56 MILLION WITH A BASIC EPS OF EUR 0.24 AND DILUTED EPS OF EUR 0.23..SOLID OPERATIONAL RESULTS IN Q1 FOR 2020.NO MATERIAL NEGATIVE IMPACT FROM COVID-19..NET RENTAL INCOME IN Q1 2020 REMAINED STABLE EUR 95 MILLION AS COMPARED TO Q1 2019, ALTHOUGH NET DISPOSALS..DIVIDEND PROPOSAL FOR FY 2019 REMAINS UNCHANGED..ADJUSTED EBITDA AMOUNTED TO EUR 74 MILLION FOR Q1 2020, UP 2% YOY..CORE PROFITABILITY GROWTH SUSTAINED WITH FFO I FOR Q1 2020 GROWING BY 5% TO EUR 55 MILLION IN COMPARISON TO Q1 OF 2019.FFO I PER SHARE FOR Q1 2020 WAS EUR 0.33 GROWING 3% AS COMPARED TO EUR 0.32 IN Q1 2019 FFO I PER SHARE AFTER PERPETUAL NOTES ATTRIBUTION INCREASED 4% YOY TO EUR 0.28.ROFIT FOR PERIOD AMOUNTED TO EUR 56 MILLION WITH A BASIC EPS OF EUR 0.24 AND DILUTED EPS OF EUR 0.23.DIVIDEND PROPOSAL FOR FY 2019 REMAINS UNCHANGED.GUIDANCE SLIGHTLY UPDATED TO INCLUDE IMPACT OF BOND ISSUANCE, Q1 FINALIZED DISPOSALS AND POSTPONED ACQUISITIONS.STEADY TOP-LINE GROWTH WITH LIKE-FOR-LIKE RENTAL GROWTH OF 3.4%; 2.8% FROM IN-PLACE RENT INCREASES AND 0.6% FROM OCCUPANCY INCREASES.  Full Article

Grand City Properties confirms 2019 guidance as H1 earnings rise
Monday, 19 Aug 2019 

Aug 19 (Reuters) - Grand City Properties SA ::RENTAL AND OPERATING INCOME AT EUR278 MILLION, UP 4% COMPARED TO H1 2018..GRAND CITY PROPERTIES ANNOUNCES SOLID H1 2019 RESULTS WITH STABLE GROWTH.FFO I INCREASED TO EUR106 MILLION, UP 7% YOY, DEMONSTRATING ROBUST NATURE OF BUSINESS PROFITABILITY..GUIDANCE FOR 2019 CONFIRMED.  Full Article

Grand City Properties Says H1 Rental And Operating Income At 278 Mln Euros, Up 4%
Monday, 19 Aug 2019 

Aug 19 (Reuters) - Grand City Properties SA ::DGAP-NEWS: GRAND CITY PROPERTIES S.A.ANNOUNCES H1 2019 RESULTS.H1 RENTAL AND OPERATING INCOME AT EUR278 MILLION, UP 4% COMPARED TO H1 2018..H1 ADJUSTED EBITDA OF EUR146 MILLION FOR FIRST HALF OF 2019 WAS UP 7% YOY.ON A PER SHARE BASIS, FFO I DURING H1 2019 WAS EUR0.64, UP 7% YOY.FFO I PER SHARE AFTER PERPETUAL ATTRIBUTION INCREASED 4% TO EUR0.54 FOR H1 2019 PERIOD.GUIDANCE FOR 2019 CONFIRMED.  Full Article

Grand City Properties Q1 Adjusted EBITDA Up 7% To EUR 73 Million
Monday, 20 May 2019 

May 20 (Reuters) - Grand City Properties SA ::SAYS ADJUSTED EBITDA GENERATED DURING Q1 OF 2019 WAS EUR73 MILLION, HIGHER BY 7% COMPARED TO Q1 2018.SAYS FFO I PER SHARE IN Q1 2019 REACHED EUR0.32, A 7% GROWTH YOY.GUIDANCE FOR 2019 CONFIRMED.  Full Article

Grand City Properties Reports 11 Pct Increase Of Core Earnings
Monday, 18 Mar 2019 

March 18 (Reuters) - Grand City Properties SA ::DGAP-NEWS: GRAND CITY PROPERTIES S.A.ANNOUNCES FY 2018 RESULTS.RENTAL AND OPERATING INCOME GREW 10% TO EUR545 MILLION FROM EUR495 MILLION PREVIOUS YEAR.ADJUSTED EBITDA FOR 2018 WAS EUR276 MILLION.FFO I GROWTH CONTINUED WITH AN 11% INCREASE TO EUR198 MILLION.DIVIDEND OF EUR0.77 PER SHARE.NET PROFIT AMOUNTING TO EUR583 MILLION.REMAIN COMMITTED TO REALIZING SIGNIFICANT GROWTH POTENTIAL INHERENT IN OUR PORTFOLIO WHILE ALSO EVALUATING ATTRACTIVE ACQUISITION OPPORTUNITIES BASED ON OUR ACQUISITION CRITERIA.  Full Article

Grand City Properties Announces Result Of Offer To Holders Of Its Notes Due 2021
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Grand City Properties SA ::DGAP-NEWS: GRAND CITY PROPERTIES S.A. ANNOUNCES THE PRICING AND THE RESULT OF THE OFFER TO THE HOLDERS OF ITS OUTSTANDING EUR500,000,000 2.00 PER CENT. NOTES DUE 2021 TO TENDER SUCH NOTES FOR PURCHASE FOR CASH.NOTES IN AN AGGREGATE PRINCIPAL AMOUNT OF EUR 113,800,000 WERE VALIDLY TENDERED FOR PURCHASE PURSUANT TO OFFER.NOTES IN AN AGGREGATE PRINCIPAL AMOUNT OF EUR 25,000,000 WILL REMAIN OUTSTANDING.  Full Article

Grand City Properties: Notes In Amount Of EUR 113.8 Mln Tendered For Purchase
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Grand City Properties SA ::GRAND CITY PROPS. SA - TENDER OFFER INDICATIVE RESULTS.NOTES IN AGGREGATE AMOUNT OF EUR 113.8 MILLION VALIDLY TENDERED FOR PURCHASE PURSUANT TO OFFER.COMPANY INTENDS TO ACCEPT FOR PURCHASE ALL NOTES VALIDLY TENDERED.SETTLEMENT OF NOTES ACCEPTED EXPECTED TO TAKE PLACE ON 10 DECEMBER 2018.  Full Article

Grand City Properties - 9M Net Profit Up 9 Pct, FFO I Up 15 Pct
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Grand City Properties SA ::GRAND CITY PROPERTIES S.A. ANNOUNCES 9M 2018 RESULTS.RENTAL AND OPERATING INCOME OF EUR404 MILLION, UP BY 10% YOY FROM EUR366 MILLION IN 9M 2017.ADJUSTED EBITDA OF EUR204 MILLION, UP 11% YOY FROM EUR183 MILLION IN 9M 2017.FFO I INCREASED TO EUR150 MILLION, A GROWTH OF 15% YOY FROM EUR130 MILLION.NET PROFIT GREW BY 9% YOY TO EUR441 MILLION; EPS (BASIC) GREW 8% YOY TO EUR2.31.ORGANIC GROWTH IS SUSTAINED AT HIGH LEVELS, REFLECTED IN LIKE-FOR-LIKE NET RENTS GROWTH OF 3.3% AS OF SEPTEMBER 2018, WITH 2.9% FROM IN-PLACE RENTS GROWTH AND 0.4% FROM OCCUPANCY GROWTH.WELL ON TRACK TO A PROFITABLE YEAR.  Full Article

Grand City Properties Considers Further Repurchases Of Outstanding Bonds
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Grand City Properties SA ::DGAP-NEWS: GRAND CITY PROPERTIES S.A. CONSIDERS FURTHER REPURCHASES OF OUTSTANDING BONDS.GRAND CITY PROPERTIES - CONSIDERING TO NEGOTIATE WITH INDIVIDUAL BONDHOLDERS PRE-MATURE REPURCHASE OF PART OF ITS 2% EUR 500 MILLION STRAIGHT BONDS DUE 2021.IT ALREADY HOLDS APPROX. EUR 361 MILLION OF BONDS IN TREASURY.  Full Article