Germany · Delayed Price · Currency is EUR Grand City Properties Earnings Call Transcripts
Fiscal Year 2026
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Solid Q1 2026 operational growth with 3.5% like-for-like rental growth and low vacancy. Financial position remains robust, supporting updated dividend policy and continued selective acquisitions, especially in London. Guidance for 2026 FFO I and dividend confirmed.
Fiscal Year 2025
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Full-year 2025 saw strong operational and financial performance, with rental growth, low vacancy, and portfolio value gains. Balance sheet strength improved, and capital recycling supported growth. 2026 guidance anticipates continued rental growth and stable financial metrics.
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Strong operational and financial performance in the first nine months of 2025, with solid rental growth, low vacancy, and disciplined capital recycling. Guidance for 2025 is confirmed, with expectations to end near the mid-point of the range. Conservative leverage and high liquidity support future growth.
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Strong H1 2025 results featured rising rents, low vacancy, and a 1.6% portfolio revaluation. Financial discipline reduced leverage and supported €60M in acquisitions and €131M in disposals. 2025 guidance is reaffirmed, with continued growth expected.
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Q1 2025 delivered strong rental growth, improved financials, and continued deleveraging, with net profit doubling year-over-year and robust operational performance across Germany and London. Guidance for 2025 is confirmed, with a focus on capital recycling and conservative financial management.
Fiscal Year 2024
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2024 saw a return to profitability, strong operational growth, and significant deleveraging, with positive property revaluations and robust liquidity. Guidance for 2025 anticipates continued rental growth, stable financials, and a focus on maintaining a strong balance sheet.
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Nine-month 2024 results show strong rental growth, improved financial metrics, and robust liquidity. Portfolio vacancy remains low, with continued rental upside in key markets and stable leverage. Guidance for 2024 is reaffirmed at the top end, with positive outlook for valuations and operational growth.
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Operational momentum drove 3% net rental income and 4% adjusted EBITDA growth year-over-year, with stable LTV at 37% and strong liquidity. Guidance for 2024 was raised on the back of robust rental growth and successful capital market activity.