1. Luxembourg Stocks

  2. •

    Finance

  3. •

    Real estate development
Grand City Properties SA

Grand City Properties SA

7.19
EUR
+0.04
(+0.56%)
2.87EPS
3.61P/E
1.58BMarket Cap
Nov 11Next Earn
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
2.98
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
2.49
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
1.61
Dividend per Share
- -
- -
0.19
0.25
0.7
0.48
0.64
0.42
0.32
0.34
- -
- -
- -
- -
Book Value per Share
6.11
8.02
14.4
18.65
21.15
25.54
26.94
29.21
31.45
30.46
27.35
27.9
30.11
29.99
Tangible Book Value per Share
6.08
7.98
14.36
18.59
21.08
25.45
26.85
29.13
31.36
30.39
27.32
27.87
30.09
29.98
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
526
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
63.5
Depreciation Expense
- -
1
2
2
2
3
4
5
8
10
9
6
7
8
Net Income, GAAP
226
206
358
565
559
519
440
395
549
154
-514
239
512
438
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
- -
- -
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
83.28
Working Capital
137
249
350
689
425
932
1,175
1,837
906
825
1,187
1,497
1,107
252
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
3,317
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
5,910
Return on Invested Capital (%)
28.02
15.47
12.76
14.3
11.69
8.93
6.64
5.75
7.86
3.26
- -
3.07
- -
- -
Return on Capital (%)
20.45
9.94
10.64
10.51
8.47
6.77
5.05
4.17
5.28
1.67
- -
2.91
- -
- -
Return on Common Equity (%)
50.9
24.83
24.05
23.07
17.59
13.4
10.02
8.28
10.75
2.95
-10.31
4.96
10.02
8.51

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
550
1,135
1,084
LT Borrowings
3,859
3,316
3,317
LT Finance Leases
118
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
176
176
176
Market Capitalization
1,733
1,587
1,578

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,053
2,062
1,855
Cash, Cash Equivalents & STI
1,623
1,596
1,365
Accounts Receivable, Net
281
383
411
Inventories
- -
- -
- -
Total Current Liabilities
946
1,555
1,603
Payables & Accruals
- -
- -
- -
ST Debt
550
1,135
1,084
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

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

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
105
149
149
106
423
2025
106
147
153
109
429
2026
109
156
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
-0.49
0.31
1.33
1.38
2025
0.41
0.63
0.98
0.89
2.91
2026
0.22
0.39
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
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
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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

Company News APIChatGPT

  • seekingalpha.com

    Grand City Properties S.A. (GRDDY) Q2 2026 Earnings Call Transcript

  • seekingalpha.com

    Grand City Properties S.A. (GRDDY) Q4 2025 Earnings Call Transcript

  • accessnewswire.com

    Aroundtown Announces Acquisition Offer for Shares of Grand City Properties, Publishes 2025 Consolidated Financial Report, Proposes Dividend Payment Combined with Updated Dividend Policy

  • defenseworld.net

    Grand City Properties S.A. (OTCMKTS:GRNNF) Short Interest Up 22.7% in December

  • seekingalpha.com

    Grand City Properties May Become Again An Income Investment Soon

  • seekingalpha.com

    Grand City Properties: Potential Dividend Resumption A Re-Rating Catalyst

  • seekingalpha.com

    Grand City Properties: Cheap Valuation Despite Improving Fundamentals

  • seekingalpha.com

    Grand City Properties: Don't Worry About The Dividend Suspension

  • seekingalpha.com

    Grand City Properties: 8.8% Yield Likely Ahead

  • seekingalpha.com

    Grand City Properties: A Value Play In The German Real Estate Market