Grand City Properties reports 2025 results, faces takeover offer
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry South Korean stock trading halted after KOSPI slides over 8% Stocks close in the red as widening Middle East conflict sparks inflation fears Gold slips on stronger dollar; safe haven demand remains high amid Iran conflict After FOUR 60%+ wins - a new list of AI-picked stocks for March IS LIVE NOW (South Africa Philippines Nigeria) Grand City Properties reports 2025 results, faces takeover offer By Company News Published 03/03/2026, 10:32 PM Grand City Properties reports 2025 results, faces takeover offer 0 GYC -3.68% AT1 -6.41% LUXEMBOURG - Grand City Properties S.A. reported net rental income of €429 million for 2025, a 1% increase from €423 million in 2024, according to a press release statement issued today. The Luxembourg-based residential real estate company achieved like-for-like rental growth of 3.5% and completed €340 million in property disposals around book value during the year. The company reinvested proceeds into approximately €300 million of acquisitions, with €190 million closing in 2025. Funds from operations I remained stable at €188 million, matching 2024 levels. FFO I per share declined 2% to €1.06, reflecting a higher average number of outstanding shares. The company recorded a positive property revaluation of €277 million, with the portfolio increasing 3.2% on a like-for-like basis. Profit for the year reached €588 million, compared to €242 million in 2024, driven by positive revaluations and one-off deferred tax income. Basic earnings per share stood at €2.67, up from €1.14 in 2024. Grand City Properties maintained a loan-to-value ratio of 31% as of December 2025, down from 33% a year earlier. The company held €1.6 billion in cash and liquid assets, representing 37% of total debt. EPRA net tangible assets amounted to €4.5 billion, or €25.6 per share. The company issued 2026 FFO I guidance of €175 million to €185 million, impacted by higher expected perpetual note coupons. Aroundtown SA a...
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