Grand City Properties S.A. (ETR:GYC)

Grand City Properties Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	603.66	601.46	597.02	607.74	582.51	524.63
Other Revenue	-	-	-	-	-	3.95
Total Revenue	603.66	601.46	597.02	607.74	582.51	528.58
Revenue Growth (YoY	0.72%	0.74%	-1.76%	4.33%	10.20%	-1.93%
Property Expenses	254.91	254.01	253.71	279.05	266.29	218.06
Selling, General & Administrative	10.84	10.61	10.63	10.91	10.69	11.14
Depreciation & Amortization	6.67	6.64	6.31	9.32	10.49	8.24
Total Operating Expenses	272.42	271.26	270.65	299.28	287.46	237.44
Operating Income	331.24	330.2	326.37	308.46	295.04	291.14
Interest Expense	-67.88	-65.57	-58.85	-56.81	-46.91	-46.45
Other Non-Operating Income	-42.09	-45.89	-11.25	-86.09	-137.13	-
EBT Excluding Unusual Items	221.27	218.74	256.28	165.56	110.99	244.69
Gain (Loss) on Sale of Assets	-4.15	-4.15	-5.53	-8.64	2.72	63.69
Asset Writedown	221.35	276.67	49.56	-881.38	115.04	631.15
Other Unusual Items	-	-	-	-	-	-148.64
Pretax Income	438.46	491.26	300.31	-724.46	228.76	790.9
Income Tax Expense	-103.09	-96.35	58.18	-86.39	49.65	173.81
Earnings From Continuing Operations	541.55	587.61	242.13	-638.07	179.1	617.09
Minority Interest in Earnings	-62.37	-75.73	-3.14	124.26	-25.14	-68.53
Net Income	479.18	511.88	238.99	-513.81	153.96	548.56
Preferred Dividends & Other Adjustments	40.89	41.45	42.36	33.7	24.75	25.04
Net Income to Common	438.3	470.43	196.63	-547.51	129.21	523.52
Net Income Growth	77.45%	114.19%	-	-	-71.93%	38.85%
Basic Shares Outstanding	176	176	173	172	168	168
Diluted Shares Outstanding	176	176	173	172	172	182
Shares Change (YoY)	1.50%	2.04%	0.30%	0.44%	-5.50%	0.04%
EPS (Basic)	2.49	2.67	1.14	-3.18	0.77	3.12
EPS (Diluted)	2.49	2.67	1.14	-3.18	0.76	2.90
EPS Growth	89.09%	134.36%	-	-	-73.94%	44.09%
Dividend Per Share	-	-	-	-	-	0.834
Dividend Growth	-	-	-	-	-	1.31%
Operating Margin	54.87%	54.90%	54.67%	50.76%	50.65%	55.08%
Profit Margin	72.61%	78.22%	32.93%	-90.09%	22.18%	99.04%
EBITDA	337.91	336.84	332.68	317.79	305.53	299.38
EBITDA Margin	55.98%	56.00%	55.72%	52.29%	52.45%	56.64%
D&A For Ebitda	6.67	6.64	6.31	9.32	10.49	8.24
EBIT	331.24	330.2	326.37	308.46	295.04	291.14
EBIT Margin	54.87%	54.90%	54.67%	50.76%	50.65%	55.08%
Funds From Operations (FFO)	299.09	350.81	205.18	255.71	200.82	287.55
Adjusted Funds From Operations (AFFO)	-	105.2	104.64	107.33	121.68	123.24
FFO Payout Ratio	-	-	-	-	28.05%	18.68%
Effective Tax Rate	-	-	19.37%	-	21.70%	21.98%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.