Grand City Properties

Grand City Properties reports net rental growth of around 3% to just over €219m for the first half and adjusted EBITDA of €174m (+3%). However, operating result FFO1 fell by 4% to €91.5m, prompting management to confirm the full-year guidance with an expected net rental increase of about 3.5% and FFO1 of €175–185m. Group profit fell by around 40% to just under €129m in the half-year, mainly due to lower revaluation gains; the portfolio comprised about 61,200 apartments at the end of June, concentrated in Berlin, North Rhine-Westphalia and London. » More on finanzen.net

Grand City Properties reports a 3% rise in net rental income for the first half to just over €219 million and an adjusted EBITDA of €174 million (+3%). FFO1 fell 4% to €91.5 million due to higher financing costs. For 2026 the company expects net rental growth of around 3.5% and FFO1 of €175–185 million, slightly below the previous year. » More on finanzen.net

Jefferies downgraded Grand City Properties from "buy" to "hold" and lowered the price target from €14.00 to €9.90. The decision was justified by low share liquidity after Aroundtown's stake increase and persistent earnings pressure. Analyst Pierre-Emmanuel Clouard sees entry opportunities in some European real estate stocks but points to interest-rate pressure. The GCP share eased slightly in XETRA trading. » More on finanzen.net