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Grand City Properties S.A. (GRDDY)

Other OTC - Other OTC Delayed price. Currency in USD
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25.840.00 (0.00%)
At close: 9:46AM EDT
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Previous close25.84
Open25.84
BidN/A x N/A
AskN/A x N/A
Day's range25.84 - 25.84
52-week range16.58 - 25.84
Volume10
Avg. volume1
Market cap4.465B
Beta (5Y monthly)0.43
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • EQS Group

    Grand City Properties S.A. announces publication of convening notice for the 2021 Annual General Meeting and Extraordinary General Meeting

    DGAP-News: Grand City Properties S.A. / Key word(s): AGM/EGM/Real Estate28.05.2021 / 09:52 The issuer is solely responsible for the content of this announcement.THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONSGRAND CITY PROPERTIES S.A. ANNOUNCES PUBLICATION OF CONVENING NOTICE FOR THE 2021 ANNUAL GENERAL MEETING AND EXTRAORDINARY GENERAL MEETINGLuxembourg, May 28, 2021 - Grand City Properties S.A. ("GCP" or the "Company") announces today the publication of the convening notice and related materials for the annual general meeting of shareholders of the Company ("AGM") followed by an extraordinary general meeting ("EGM") to be held on 30 June 2021.In connection with the AGM, the board of directors of the Company (the "Board") has proposed the distribution of a dividend in the amount of EUR 0.8232 (gross) per share, subject to the approval of the dividend by the AGM. The Board has also proposed offering a scrip dividend for those shareholders who wish to receive their dividend in the form of GCP shares instead of cash.Further information regarding the AGM and the EGM, as well as the proposed dividend is available at https://www.grandcityproperties.com/investor-relations/general-meeting/agm-egm-2021/. About the CompanyThe Company is a specialist in residential real estate, value-add opportunities in densely populated areas primarily in Germany. The Company's strategy is to improve its properties by repositioning and intensive tenant management, and then create value by subsequently raising occupancy and rental levels. Further information: www.grandcityproperties.comGrand City Properties S.A. (ISIN: LU0775917882) is a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg, having its registered office at 1, Avenue du Bois, L-1251 Luxembourg, Grand Duchy of Luxembourg and being registered with the Luxembourg trade and companies register (Registre de Commerce et des Sociétés Luxembourg) under number B 165 560. The shares of the Company are listed on the Prime Standard segment of Frankfurt Stock Exchange.Contact:Grand City Properties S.A.1, Avenue du BoisL-1251 LuxemburgT: +352 28 77 87 86E: info@grandcity.luwww.grandcityproperties.comPress Contact:Katrin PetersenGrand City Properties S.A.T: +49 (30) 374-381 5218E: katrin.petersen@grandcity.luDISCLAIMER:THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED STATES.THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE UNITED KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE ORDER), (II) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED FALLING WITHIN ARTICLE 49 OF THE ORDER, AND (III) PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS RELEVANT PERSONS). THIS COMMUNICATION MUST NOT BE READ, ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.IN THE UNITED KINGDOM AND IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA (EEA), THIS ANNOUNCEMENT AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED ONLY AT PERSONS WHO ARE "QUALIFIED INVESTORS" WITHIN THE MEANING OF ARTICLE 2(E) OF REGULATION (EU) 2017/1129 AND REGULATION (EU) 2017/1129 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (TOGETHER, THE PROSPECTUS REGULATION) (QUALIFIED INVESTORS). ANY PERSON IN THE UNITED KINGDOM OR IN THE EEA WHO ACQUIRES THE SECURITIES IN ANY OFFER (AN INVESTOR) OR TO WHOM ANY OFFER OF THE SECURITIES IS MADE WILL BE DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR. ANY INVESTOR WILL ALSO BE DEEMED TO HAVE REPRESENTED AND AGREED THAT ANY SECURITIES ACQUIRED BY IT IN THE OFFER HAVE NOT BEEN ACQUIRED ON BEHALF OF PERSONS IN THE UNITED KINGDOM OR IN THE EEA OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES BEEN ACQUIRED WITH A VIEW TO THEIR OFFER OR RESALE IN THE UNITED KINGDOM OR IN THE EEA TO PERSONS WHERE THIS WOULD RESULT IN A REQUIREMENT FOR PUBLICATION BY THE COMPANY OR ANY OF THE MANAGERS OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS REGULATION.THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS AND OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES, FUTURE FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR RELATING TO ANY SUCH STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT TO RISKS AND UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ON A NUMBER OF FACTORS.28.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Grand City Properties S.A. 1, Avenue du Bois 1251 Luxembourg Luxemburg Phone: +352 28 77 87 86 Fax: +352 28 77 87 84 E-mail: info@grandcity.lu Internet: grandcityproperties.com ISIN: LU0775917882, XS1130507053, XS1191320297, XS1220083551, XS1491364953, XS1373990834, XS1654229373, XS1811181566, XS1706939904, XS1763144604, XS1781401085, CH0401956872 WKN: A1JXCV , A1ZRRK, A1ZW4K, A1ZZ49, A186BF, A18YJ1, A19ZQE, A19MBW, A1V4P0, A19WVU, A19WU2 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Dublin, Luxembourg Stock Exchange, SIX EQS News ID: 1201780 End of News DGAP News Service

  • EQS Group

    Original-Research: Grand City Properties S.A. (von First Berlin Equity Research GmbH)

    Original-Research: Grand City Properties S.A. - von First Berlin Equity Research GmbH Einstufung von First Berlin Equity Research GmbH zu Grand City Properties S.A. Unternehmen: Grand City Properties S.A. ISIN: LU0775917882 Anlass der Studie: Update Empfehlung: Buy seit: 19.05.2021 Kursziel: 27,50 Kursziel auf Sicht von: 12 Monate Letzte Ratingänderung: - Analyst: Ellis Acklin First Berlin Equity Research hat ein Research Update zu GRAND CITY Properties S.A. (ISIN: LU0775917882) veröffentlicht. Analyst Ellis Acklin bestätigt seine BUY-Empfehlung und bestätigt sein Kursziel von EUR 27,50. Zusammenfassung: Der Dreimonats-Bericht zeigte eine stabile operative Performance und entsprach unserer Prognose. Die Nettomiete belief sich im Berichtszeitraum auf €91 Mio., angeführt von einem Anstieg der Nettomieteinnahmen auf vergleichbarer Basis (LFL) um 1,8%. Dies trug dazu bei, die Auswirkungen von nicht zum Kerngeschäft gehörenden Immobilienverkäufen auf die Mieteinnahmen auszugleichen. Dank verbesserter Portfolioqualität erreichte FFO 1 das Vorjahresergebnis mit €47 Mio. EPRA NTAPS stieg aufgrund des guten Nettogewinns und der Auswirkungen des Aktienrückkaufprogramms auf €27,0 (JE20: €26,5). Das Management bestätigte die Guidance für 2021 (FFOPS 1: €1,08 bis €1,13). Wir behalten unsere Kaufempfehlung mit einem unveränderten Kursziel von €27,50 bei. First Berlin Equity Research has published a research update on GRAND CITY Properties S.A. (ISIN: LU0775917882). Analyst Ellis Acklin reiterated his BUY rating and maintained his EUR 27.50 price target. Abstract: First quarter reporting featured steady operational performance and was in line with our targets. Net rent tallied €91m for the period led by a 1.8% like-for-like (LFL) net rental income increase, which helped offset the effects of non-core property disposals to rental income. FFO 1 matched the prior year result at €47m, thanks to improved portfolio quality. EPRA NTAPS edged higher to €27.0 (YE20: €26.5) on the good net income result and effects of the share buyback programme. Management confirmed 2021 guidance (FFOPS 1: €1.08 to €1.13). We remain Buy-rated on Grand City with an unchanged €27.5 price target. Bezüglich der Pflichtangaben gem. §34b WpHG und des Haftungsausschlusses siehe die vollständige Analyse. Die vollständige Analyse können Sie hier downloaden: http://www.more-ir.de/d/22479.pdf Kontakt für Rückfragen First Berlin Equity Research GmbH Herr Gaurav Tiwari Tel.: +49 (0)30 809 39 686 web: www.firstberlin.com E-Mail: g.tiwari@firstberlin.com -------------------übermittelt durch die EQS Group AG.------------------- Für den Inhalt der Mitteilung bzw. Research ist alleine der Herausgeber bzw. Ersteller der Studie verantwortlich. Diese Meldung ist keine Anlageberatung oder Aufforderung zum Abschluss bestimmter Börsengeschäfte.

  • EQS Group

    Grand City Properties S.A. announces Q1 2021 results

    DGAP-News: Grand City Properties S.A. / Key word(s): Quarter Results/Real Estate18.05.2021 / 06:50 The issuer is solely responsible for the content of this announcement.THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONSGRAND CITY PROPERTIES S.A. STARTS 2021 IN LINE WITH GUIDANCE, SUPPORTED BY SOUND OPERATIONS AND ENHANCED PORTFOLIO QUALITY- €270 million share buyback program, of which €89 million completed in Q1 2021, supports accretive growth on a per share basis. - Net rental income for Q1 2021 at €90.6 million as compared to €94.5 million in Q1 2020, lower due to disposals at gains over book value.- Adjusted EBITDA of €73 million for Q1 2021, as compared to €74 million for Q1 2020.- FFO I at €47 million for Q1 2021, stable in comparison to Q1 2020, as a result of strong operational efficiencies.- FFO I per share for Q1 2021 was €0.27, against €0.28 for the corresponding period in 2020. FFO I yield of 4.9% (based on a share price of €22).- Disposals of €220 million at a significant gain of 16% over net book values.- Profit for the period amounted to €51 million, basic EPS of €0.20 and diluted EPS of €0.19.- EPRA NTA as of March 2021 amounted to €4.5 billion and €27.0 per share, as compared to €4.6 billion and €26.5 per share as of year-end 2020.- Strong equity base maintained with total equity amounting to €5.4 billion, reflecting an equity ratio of 50%.- Conservative nature of the credit profile retained with a low LTV of 33%, larger level of unencumbered investment properties amounting to €7.6 billion (92% of total portfolio value), complemented with a robust capacity for profit generation reflected in the ICR of 6.2x. Cost of debt reduced to 1% coupled with 7-year average debt maturity.- Robust organic growth sustained with net rental income increasing by 1.8% on a like-for-like basis, with 1.1% increase attributable to in-place rent increases and 0.7% as a result of occupancy increases. - FY 2021 guidance confirmed.Luxembourg, May 18, 2021 - Grand City Properties S.A. ("GCP" or the "Company") reported results for the first quarter of 2021, with net rental income marginally decreasing to €91 million as a result of disposals of non-core assets. This decrease was partially offset by the like-for-like net rental income increase of 1.8%. During the first quarter of 2021, GCP posted an adjusted EBITDA of €73 million, marginally lower as compared to Q1 2020. FFO I of €47 million, remaining stable as compared to the same period in 2020.GCP completed disposals amounting to €220 million during the first quarter of 2021, generating a high profit margin of 35% over total costs (including capex). These disposals comprised mainly of assets held-for-sale and other non-core assets, located in Eastern Germany and secondary cities, and were carried at a multiple of 17x. The Company also repurchased shares amounting to €89 million, at a discount to NAV, which will support increasing shareholder value in the following periods. Additionally, GCP also acquired quality assets amounting to €100 million, predominantly located in London, at a multiple of 18x.The Company implemented several debt optimisation measures during the first quarter of 2021 with the issuance of its largest ever straight bond of €1 billion, at a record low coupon of 0.125%, while also prepaying debt of over €750 million. As a result of these measures, GCP's average cost of debt at the end of March 2021 decreased to 1%, from 1.3% as of December 2020. The Company continues to maintain a long average debt maturity period of 7 years. Furthermore, the robust capacity for profit generation resulted in a strong ICR of 6.2x.Refael Zamir, CEO of Grand City Properties: "We begin the year with a solid financial and business platform, positioning us well to deliver on our goals for the year and to create further growth in the years to come."Financial statements for Q1 2021 are available on the Company's website:https://www.grandcityproperties.com/investor-relations/publications/financial-reports/For definitions of the alternative performance measures please see the relevant section in the pages 26 - 29 of the financial statements for Q1 2021, which you can find on the website under investor relations > publications > financial reports or follow this link:https://www.grandcityproperties.com/fileadmin/user_upload/03_investor_relations/Downloads/2021/GCP_Q1_2021.pdfAbout the CompanyThe Company is a specialist in residential real estate, value-add opportunities in densely populated areas primarily in Germany. The Company's strategy is to improve its properties by repositioning and intensive tenant management, and then create value by subsequently raising occupancy and rental levels. Further information: www.grandcityproperties.comGrand City Properties S.A. (ISIN: LU0775917882) is a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg, having its registered office at 1, Avenue du Bois, L-1251 Luxembourg, Grand Duchy of Luxembourg and being registered with the Luxembourg trade and companies register (Registre de Commerce et des Sociétés Luxembourg) under number B 165 560. The shares of the Company are listed on the Prime Standard segment of Frankfurt Stock Exchange.Contact:Grand City Properties S.A.1, Avenue du BoisL-1251 LuxemburgT: +352 28 77 87 86E: info@grandcity.luwww.grandcityproperties.comPress Contact:Katrin PetersenGrand City Properties S.A.T: +49 (30) 374-381 5218E: katrin.petersen@grandcity.luDISCLAIMER:THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED STATES.THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE UNITED KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE ORDER), (II) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED FALLING WITHIN ARTICLE 49 OF THE ORDER, AND (III) PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS RELEVANT PERSONS). THIS COMMUNICATION MUST NOT BE READ, ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA (EEA), THIS ANNOUNCEMENT AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED ONLY AT PERSONS WHO ARE "QUALIFIED INVESTORS" WITHIN THE MEANING OF ARTICLE 2(1)(E) OF DIRECTIVE 2003/71/EC, AS AMENDED (THE PROSPECTUS DIRECTIVE) (QUALIFIED INVESTORS). ANY PERSON IN THE EEA WHO ACQUIRES THE SECURITIES IN ANY OFFER (AN INVESTOR) OR TO WHOM ANY OFFER OF THE SECURITIES IS MADE WILL BE DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR. ANY INVESTOR WILL ALSO BE DEEMED TO HAVE REPRESENTED AND AGREED THAT ANY SECURITIES ACQUIRED BY IT IN THE OFFER HAVE NOT BEEN ACQUIRED ON BEHALF OF PERSONS IN THE EEA OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES BEEN ACQUIRED WITH A VIEW TO THEIR OFFER OR RESALE IN THE EEA TO PERSONS WHERE THIS WOULD RESULT IN A REQUIREMENT FOR PUBLICATION BY THE COMPANY OR ANY OF THE MANAGERS OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS DIRECTIVE.THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS AND OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES, FUTURE FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR RELATING TO ANY SUCH STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT TO RISKS AND UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ON A NUMBER OF FACTORS.18.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Grand City Properties S.A. 1, Avenue du Bois 1251 Luxembourg Luxemburg Phone: +352 28 77 87 86 Fax: +352 28 77 87 84 E-mail: info@grandcity.lu Internet: grandcityproperties.com ISIN: LU0775917882, XS1130507053, XS1191320297, XS1220083551, XS1491364953, XS1373990834, XS1654229373, XS1811181566, XS1706939904, XS1763144604, XS1781401085, CH0401956872 WKN: A1JXCV , A1ZRRK, A1ZW4K, A1ZZ49, A186BF, A18YJ1, A19ZQE, A19MBW, A1V4P0, A19WVU, A19WU2 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Dublin, Luxembourg Stock Exchange, SIX EQS News ID: 1197528 End of News DGAP News Service