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Grand City Properties S.A. (GYC.DE)

XETRA - XETRA Delayed price. Currency in EUR
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20.34-0.12 (-0.59%)
At close: 5:35PM CET
Full screen
Previous close20.46
Open20.24
Bid20.36 x 12300
Ask20.38 x 14300
Day's range20.24 - 20.60
52-week range13.82 - 22.82
Volume351,484
Avg. volume353,513
Market cap3.496B
Beta (5Y monthly)0.42
PE ratio (TTM)9.35
EPS (TTM)2.17
Earnings date16 Nov 2020
Forward dividend & yield0.82 (4.05%)
Ex-dividend date25 Jun 2020
1y target est24.38
  • 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: 22.02.2021 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: Wir glauben, dass der GCP-Aktienkurs nicht die stabile operative Performance widerspiegelt. Das Unternehmen hat im vergangenen Jahr die Pandemie und regulatorische Stürme überstanden, aber die Aktie notiert immer noch unter dem Niveau vor dem Virus. Wir denken, dass ein unterstützender Wohnimmobilienmarkt und eine verbesserte Portfolioqualität den Weg für ein solides Wachstum im Jahr 2021 ebnen werden, um Anleger mit guten FFO 1- und Dividendenrenditen zu belohnen, während das Management das eingebettete Portfolio-Potenzial hebt und den Markt nach attraktiven Deals durchsucht. Wir behalten unsere Kaufempfehlung mit einem 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: We think the GCP share price fails to reflect the company's steady operational performance. GCP has weathered pandemic and regulatory storms over the past year but the stock still trades below pre-virus levels. In our view, a supportive residential market and improved portfolio quality will pave the way for solid growth in 2021. We expect investors to be rewarded with good FFO 1 and dividend yields as management unlock embedded portfolio upside and comb the market for attractive deals. We remain Buy-rated on GCP with a €27.5 price target. Bezüglich der Pflichtangaben gem. §34b WpHG und des Haftungsausschlusses siehe http://firstberlin.com/imprint/ oder die vollständige Analyse. Die vollständige Analyse können Sie hier downloaden: http://www.more-ir.de/d/22136.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 result of public tender offer to buy back own shares

    DGAP-News: Grand City Properties S.A. / Key word(s): Share Buyback/Real Estate17.02.2021 / 11:31 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 RESULT OF PUBLIC TENDER OFFER TO BUY BACK OWN SHARESLuxembourg, February 17, 2021 - Grand City Properties S.A. (the "Company") hereby announces the result of the public tender offer for the acquisition of own shares announced on 28 January 2021 within the purchase price range of €20.00 to €21.25 per share. Until expiry of the acceptance period on 12 February 2021, 24:00 CET, 3,370,708 shares of the Company have been validly tendered into the offer. In accordance to the tender offer document and based on the number of shares tendered into the offer, the final purchase price for all shares validly tendered is €21.25 per share. The settlement of the tender offer is expected on 23 February 2021.The Company sees the reinvestment into its shares as a strongly accretive investment, which provides a high and stable return on a per share basis in addition to acquisitions. The share buyback has been launched on the back of GCP's strong operational performance and increasing EPRA NAV per share, while the share is being traded at a discount to EPRA NAV. Furthermore, the Company's recent disposals at a premium to book value, while the share is traded at a discount highlights the disconnection between the value of the underlying business and the capital markets. Therefore, the Company has decided to use the opportunity to create further long-term shareholder value and accretive per share growth through the buyback of its shares at discount. The share buyback is supported by the robust equity base and the high liquidity of the Company and is in-line with GCP's conservative financial policy.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 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.17.02.2021 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: 1169005 End of News DGAP News Service

  • EQS Group

    GRAND CITY PROPERTIES S.A. ANNOUNCES SHARE BUYBACK

    DGAP-News: Grand City Properties S.A. / Key word(s): Share Buyback/Tender Offer28.01.2021 / 08:59 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 SHARE BUYBACK Luxembourg, January 28, 2021 - Grand City Properties S.A. ("GCP" or the "Company") announces that the Board of Directors has resolved to buy back up to 12,500,000 shares of the Company, representing 7.3% of the outstanding number of shares, by way of a public self-tender offer at a purchase price in the range of €20.00 to €21.25 per share. The acceptance period is intended to start on 29 January 2021 and expected to end on 12 February 2021. The share buyback utilizes the authorization provided by the General Annual Meeting (AGM) held on June 24 2020, by which the Board of Directors may acquire up to 20% of the aggregate nominal amount of the issued share capital. Further details on the public self-tender offer will be published in the next days on the Company's website under https://www.grandcityproperties.com/investor-relations/equity/share-buy-back/.The Company sees the reinvestment into its shares as a strongly accretive investment, which provides a high and stable return on a per share basis in addition to acquisitions. The share buyback has been launched on the back of GCP's strong operational performance and increasing EPRA NAV per share, while the share is being traded at a discount to EPRA NAV. Furthermore, the Company's recent disposals at a premium to book value, while the share is traded at a discount highlights the disconnection between the value of the underlying business and the capital markets. Therefore, the Company has decided to use the opportunity to create further long-term shareholder value and accretive per share growth through the buyback of its shares at discount. The share buyback is supported by the robust equity base and the high liquidity of the Company and is in-line with GCP's conservative financial policy.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.lu DISCLAIMER 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.28.01.2021 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: 1163933 End of News DGAP News Service