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Grand City Properties SA (GYC.DE)

GYC.DE on Xetra

21.16EUR
25 Apr 2019
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€21.16
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211,906
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€24.40
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€18.61

Latest Key Developments (Source: Significant Developments)

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

Grand City Properties Q1 Rental And Operating Income Grew By 12 Percent
Friday, 18 May 2018 

May 18 (Reuters) - Grand City Properties SA ::Q1 RENTAL AND OPERATING INCOME GREW TO EUR132 MILLION BY 12%, UP FROM EUR118 MILLION YOY.RENTAL AND OPERATING INCOME GREW TO EUR132 MILLION BY 12%, UP FROM EUR118 MILLION YOY.ADJUSTED EBITDA OF EUR68 MILLION, UP 14% YOY FROM EUR60 MILLION IN Q1 2017.FFO I INCREASED TO EUR49 MILLION, REFLECTING A GROWTH OF 18% YOY.FFO I PER SHARE INCREASED 11% YOY TO EUR0.30 EQUAL TO EUR1.20 ON AN ANNUALIZED LEVEL, REFLECTING A YIELD OF 5.9%.FFO I AFTER PERPETUAL NOTES ATTRIBUTION OF EUR0.26, UP 13% YOY.NET PROFIT INCREASED 43% YOY TO EUR132 MILLION; EPS (BASIC) GREW 39% YOY TO EUR0.71.GUIDANCE FOR 2018 CONFIRMED.  Full Article

Grand City Properties Successfully Places EUR 350 Mln Notes
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Grand City Properties SA ::DGAP-NEWS: GRAND CITY PROPERTIES S.A. SUCCESSFULLY PLACES EUR 350 MILLION UNDATED SUBORDINATED NOTES.NOTES WITH COUPON OF 2.50% AND FIRST CALL DATE IN 2023.  Full Article

Grand City Properties ‍Rental And Operating Income Increased To 495 Million Euro From 436 Million Euro In 2016​
Monday, 19 Mar 2018 

March 19 (Reuters) - Grand City Properties ::DGAP-NEWS: GRAND CITY PROPERTIES S.A. ANNOUNCES FULL YEAR 2017 RESULTS, WITH ACHIEVEMENTS ACROSS THE BOARD.‍RENTAL AND OPERATING INCOME INCREASED TO EUR495 MILLION FROM EUR436 MILLION IN 2016​.‍ADJUSTED EBITDA INCREASED TO EUR248 MILLION, UP 10% FROM EUR225 MILLION YOY​.‍FFO I GREW BY 11% TO EUR178 MILLION FROM EUR160 MILLION​.‍FFO I PER SHARE OF EUR1.12, INCREASED 7% YEAR-OVER-YEAR​.‍DIVIDEND PER SHARE OF EUR0.73 BASED ON A PAYOUT RATIO OF 65% (SUBJECT TO AGM APPROVAL)​.‍NET PROFIT AMOUNTED TO EUR639 MILLION; BASIC EARNINGS PER SHARE OF EUR3.35​.  Full Article

Grand City Properties 9-mth FFO I increased to EUR 130 mln
Friday, 17 Nov 2017 

Nov 17 (Reuters) - GRAND CITY PROPERTIES SA ::9-MONTH ‍ADJUSTED EBITDA OF EUR 183 MILLION FROM EUR 165 MILLION IN 9M 2016​.9-MONTH FFO I INCREASED TO €130 MILLION, INCREASING 11% YOY‍​.9-MONTH NET PROFIT OF €404 MILLION; EARNINGS PER SHARE OF €2.13.9-MONTH ‍RENTAL AND OPERATING INCOME INCREASED TO EUR 366 MILLION, UP 14% YOY FROM EUR 320 MILLION​.  Full Article

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Merkel doesn't see seizing housing from landlords as appropriate-spokesman

BERLIN German Chancellor Angela Merkel does not think expropriating apartments sold off to big private landlords is appropriate, her spokesman said on Monday, after thousands of Berlin residents demanded the expropriation of more than 200,000 such flats.Activists are collecting signatures for a ballot proposal that would require the city to take back properties from any landlord that owns more than 3,000 apartments. Polls suggest such a measure could pass, forcing the city to conside