die AT Tochter Grand City hat heute recht guten Zahlen vorgelegt. die werden wir dann wohl konsolidieren...Aufwertungen in Q4 Ahoi. LG
www.grandcityproperties.com/newsDetail/117856
GRAND CITY PROPERTIES S.A. ANNOUNCES RESULTS FOR 9M 2024 DRIVEN BY STRONG OPERATIONAL RESULTS
Net rental income of €317 million for 9M 2024, higher by 3% as compared to €307 million in 9M 2023.
Solid like-for-like rental growth of 3.5% driven by in-place rent increases, underlining the portfolio’s strong operational fundamentals.
Adjusted EBITDA of €250 million in 9M 2024, increasing by 5% as compared to €240 million in 9M 2023.
FFO I of €141 million in 9M 2024, stable as compared to €141 million in 9M 2023 mainly as strong operational growth mitigated the expected higher financing costs and perpetual notes attribution.
Loss of €17 million in 9M 2024 primarily as a result of negative property revaluations carried out in H1 2024, partially offset by solid operational results.
Strong liquidity position, with cash and liquid assets of €1.5 billion as of September 2024.
Conservative financial position with a stable LTV ratio of 36% as of September 2024, ICR ratio of 5.8x in 9M 2024 and €6.2 billion of unencumbered assets (72% of total portfolio value).
EPRA NTA of €4 billion or €23.1 per share as of the end of September 2024, stable compared to December 2023.
FY 2024 guidance confirmed.