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  3. •

    Real Estate - Services
Grand City Properties S.A.

Grand City Properties S.A.

GRDDY
Grand City Properties S.A.US flagOther OTC
13.23
USD
- -
- -
2.33BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.23
2
2.63
2.9
3.11
3.29
2.29
2.19
2.24
2.36
2.39
2.45
2.43
2.94
Basic EPS, GAAP
2.97
1.78
2.82
3.7
3.5
3.13
2.63
2.33
3.27
0.92
-2.98
1.38
2.91
2.72
Free Cash Flow per Basic Share
0.79
0.97
1.21
1.3
1.23
1.32
1.45
1.38
1.25
1.26
1.43
1.63
1.58
1.59
Dividend per Share
- -
- -
0.19
0.25
0.7
0.48
0.64
0.42
0.32
0.34
- -
- -
- -
- -
Book Value per Share
5.07
5.14
7.4
9.73
12.67
15.26
17.39
19.28
22.68
22.87
19.15
20.06
22.32
22.49
Tangible Book Value per Share
10.04
8.97
17.07
19.99
24.05
28.09
29.61
32.63
34.54
35.1
30.31
31.34
33.69
33.64
Basic Weighted Avg Shares
76
116
127
153
160
166
167
170
168
168
172
173
176
176
Sales/Revenue/Turnover
170
232
333
443
497
545
383
372
375
396
411
423
429
518
Operating Margin (%)
40.49
48.06
52.41
50.61
49.42
49.86
76.23
78.71
76.68
74.5
74.99
77.21
77.01
64
Depreciation Expense
- -
1
2
2
2
3
4
5
8
10
9
6
7
7
Net Income, GAAP
226
206
358
565
559
519
440
395
549
154
-514
239
512
479
Effective Tax Rate (%)
12.03
15.22
14.45
15.77
18.64
16.47
19.73
17.1
21.98
21.71
- -
19.37
- -
42.16
Profit Margin (%)
133.43
88.8
107.48
127.66
112.47
95.17
114.99
106.07
146.46
38.88
-124.92
56.54
119.39
92.58
Working Capital
137
249
350
689
425
932
1,175
1,837
906
825
1,187
1,497
1,107
507
LT Debt
660
1,257
1,963
2,378
2,732
3,298
3,777
4,121
4,054
3,988
4,239
4,283
3,977
3,316
Total Equity
768
1,042
2,172
3,065
3,850
4,667
4,967
5,555
5,803
5,914
5,230
5,414
5,938
5,927
Return on Invested Capital (%)
6.29
5.03
4.59
3.89
3.3
3.11
2.79
2.63
2.29
2.33
- -
2.7
- -
2.8
Return on Capital (%)
24.97
12.13
13.69
14.12
11.09
8.67
6.31
5.1
6.29
1.95
- -
3.42
- -
9.21
Return on Common Equity (%)
83.46
41.99
46.76
46.56
31.84
22.81
16.19
12.78
15.51
4.03
-14.38
7.07
13.85
12.81

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
549
550
1,135
LT Borrowings
3,706
3,859
3,316
LT Finance Leases
- -
118
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
176
176
176
Market Capitalization
1,553
1,983
2,016

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,999
2,053
2,062
Cash, Cash Equivalents & STI
1,354
1,623
1,596
Accounts Receivable, Net
524
281
383
Inventories
- -
- -
- -
Total Current Liabilities
1,023
946
1,555
Payables & Accruals
- -
- -
- -
ST Debt
549
550
1,135
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.42%
1.6%
9.67%
Free Cash Flow
6.67%
3.95%
-1.36%
Net Income, GAAP
-47.51%
-99.82%
114.19%
Sales/Revenue/Turnover
3.66%
2.87%
1.43%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
105
149
149
106
423
2025
106
147
153
109
429
2026
109
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
-0.49
0.31
- -
1.38
2025
0.41
0.63
0.98
- -
2.91
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Refael Zamir
Full Time Employees
614
Sector
Real Estate
Industry
Real Estate - Services
Address
37, Boulevard Joseph II Luxembourg City Luxembourg 1840
IPO Date
Feb 14, 2018
Website
grandcityproperties.com
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Business
Grand City Properties S.A. (Ticker: GRDDY) is a Luxembourg-based real estate investment and management company focused on residential and mixed-use properties across Europe. The company owns, develops, and manages a diversified portfolio of apartments, residential complexes, and commercial spaces, including value-add and core-plus assets; it provides property management services, leasing, and renovation programs to optimize rental income and asset values. Operations span key markets in Germany, the United Kingdom, the Netherlands, Poland, Israel, and other European regions, targeting middle-income residential tenants and institutional investors. Founded in 2012 and headquartered in Luxembourg City, Luxembourg, Grand City Properties emphasizes sustainable urban development and portfolio expansion through targeted acquisitions. Recent strategic developments include ongoing portfolio optimization initiatives, such as asset disposals in non-core markets and selective acquisitions to enhance yield profiles; in 2024-2025, the company pursued refinancing efforts amid European interest rate dynamics and announced expansions in high-growth residential segments in Germany and Poland, reinforcing its position as a leading pan-European residential REIT.