Grand City Properties SA
7.18
EUR
+0.23
(+3.31%)
ISIN
LU0775917882
Return %
Stock
S&P 500
1Y
-37.67
14.20
3Y
-11.47
81.12
5Y
-68.12
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
EUR
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in mil. unless spec.Quarterly Revenue
EUR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Refael Zamir
- Full Time Employees
- 771
- Sector
- Finance
- Industry
- Real estate development
- Address
- 37, Boulevard Joseph II Luxembourg LU Luxembourg 1840
- IPO Date
- May 28, 2012
- Website
- grandcityproperties.com
- Similar Companies
- Business
- Grand City Properties S.A. operates as a specialist residential real estate company focused on acquiring, optimizing, and repositioning under-rented residential properties predominantly in densely populated areas across Germany and the United Kingdom. Its core products and services comprise a diversified portfolio of income-generating residential real estate assets primarily located in key German metropolitan regions including Berlin, North Rhine-Westphalia, Leipzig, Dresden, Halle, Bremen, Hamburg, Hannover, Nuremberg, Munich, Mannheim, and Frankfurt, as well as major urban centers in London. The company emphasizes value-add investment opportunities to drive rental growth and improved cash flows through active asset management, including refurbishment and modernization of residential units. Grand City Properties also operates centralized service centers to enhance tenant satisfaction and property management efficiencies. Founded in 2004 and headquartered in Luxembourg, Grand City Properties has in recent years executed a strategic asset disposal program aimed at deleveraging and redeploying capital more selectively. In fiscal year 2024, the company completed disposals totaling approximately €270 million, including significant transactions in London, North Rhine-Westphalia, Berlin, and Hessen, and signed disposals worth €350 million to bolster balance sheet metrics. Concurrently, it executed a smaller volume of acquisitions totaling about €45 million, primarily in the London market, signaling a measured approach to market opportunities. In late 2025, the firm successfully issued €600 million in perpetual notes to strengthen its liquidity and optimize its capital structure. Grand City Properties suspended its 2024 dividend payout reflecting a cautious stance amidst market conditions while maintaining operational growth with positive like-for-like rental growth and portfolio revaluation. The company operates within the residential real estate investment and asset management industry, targeting tenants in urban residential markets with a focus on sustainability, tenant well-being, and creating long-term shareholder value. Its recent corporate actions and capital market transactions reflect a strategic shift toward capital discipline, portfolio optimization, and enhanced credit metrics while maintaining a robust platform for value creation through operational excellence and selective acquisitions in core markets. Grand City Properties continues to leverage its expertise in value-add residential real estate in Germany and London as its primary geographic markets. This description reflects the company's current product offerings and services, geographic focus, founding, headquarters, and the latest significant operational and financial changes through 2024 and 2025.
Company News
Grand City Properties S.A. (GRDDY) Q2 2026 Earnings Call Transcript
Grand City Properties S.A. (GRDDY) Q4 2025 Earnings Call Transcript
Aroundtown Announces Acquisition Offer for Shares of Grand City Properties, Publishes 2025 Consolidated Financial Report, Proposes Dividend Payment Combined with Updated Dividend Policy
Grand City Properties S.A. (OTCMKTS:GRNNF) Short Interest Up 22.7% in December
Grand City Properties May Become Again An Income Investment Soon
Grand City Properties: Potential Dividend Resumption A Re-Rating Catalyst
Grand City Properties: Cheap Valuation Despite Improving Fundamentals
Grand City Properties: Don't Worry About The Dividend Suspension
Grand City Properties: 8.8% Yield Likely Ahead
Grand City Properties: A Value Play In The German Real Estate Market