Grand City Properties

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 maturities until 2026. The company's key performance metric, FFO I, dropped 6% to €1.07/share in 2023, with a 3% decline expected for 2024. » Mehr auf seekingalpha.com

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. » Mehr auf seekingalpha.com

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 summer, Grand City Properties shares have lagged. » Mehr auf seekingalpha.com