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Grand City Properties SA

GYC.DE

Latest Trade

22.46EUR

Change

-0.02(-0.09%)

Volume

15,117

Today's Range

22.38

 - 

22.48

52 Week Range

18.93

 - 

24.14

As of on the XETRA ∙ Minimum 15 minute delay

Latest Developments

Grand City Properties H1 Profit For The Period Down At EUR 157.1 Million

Aug 16 (Reuters) - GRAND CITY PROPERTIES SA <GYC.DE>::H1 REVENUE EUR 259.4 MILLION VERSUS EUR 267.7 MILLION YEAR AGO.H1 NET RENTAL INCOME EUR 183.1 MILLION VERSUS EUR 186.4 MILLION YEAR AGO.H1 EBITDA EUR 328.4 MILLION VERSUS EUR 368.9 MILLION YEAR AGO.H1 ADJUSTED EBITDA EUR 147.4 MILLION VERSUS EUR 147.1 MILLION YEAR AGO.H1 PROFIT FOR THE PERIOD EUR 157.1 MILLION VERSUS EUR 252.7 MILLION YEAR AGO.2021 GUIDANCE CONFIRMED.

Grand City Properties: Results Of Scrip Dividend

July 16 (Reuters) - Grand City Properties SA <GYC.DE>::GRAND CITY PROPERTIES S.A. ANNOUNCES RESULTS OF SCRIP DIVIDEND.SHAREHOLDERS OF APPROXIMATELY 118 MILLION SHARES OPTED TO RECEIVE THEIR DIVIDEND IN FORM OF NEW ORDINARY SHARES OF GRAND CITY PROPERTIES..ACCORDINGLY, 4,323,849 NEW SHARES WILL BE DELIVERED IN CONNECTION WITH SCRIP DIVIDEND..

Grand City Properties Publishes Subscription Price And Subscription Ratio For Scrip Dividend

July 8 (Reuters) - Grand City Properties SA <GYC.DE>::DGAP-NEWS: GRAND CITY PROPERTIES PUBLISHES SUBSCRIPTION PRICE AND SUBSCRIPTION RATIO FOR SCRIP DIVIDEND.GRAND CITY PROPERTIES - ANNOUNCES PUBLICATION OF SUBSCRIPTION RATIO 27.38 : 1 AND SUBSCRIPTION PRICE EUR 19.16 FOR SCRIP DIVIDEND ON ITS WEBSITE.

Grand City Properties Announces Gross Dividend Of EUR 0.8232 Per Share

July 1 (Reuters) - GRAND CITY PROPERTIES SA <GYC.DE>::ANNOUNCES DIVIDEND OF EUR 0.8232 (GROSS) PER SHARE.

Grand City Says Q1 Net Rental Income down 4%

May 18 (Reuters) - Grand City Properties SA <GYC.DE>::DGAP-NEWS: GRAND CITY PROPERTIES S.A. ANNOUNCES Q1 2021 RESULTS.Q1 ADJUSTED EBITDA 73 MILLION EUR.Q1 DILUTED EPS 0.19 EUR.Q1 EPS 0.20 EUR.DGAP-NEWS: GRAND CITY PROPERTIES S.A. ANNOUNCES Q1 2021 RESULTS.EUR 270 MILLION SHARE BUYBACK PROGRAM, OF WHICH EUR 89 MILLION COMPLETED IN Q1 2021, SUPPORTS ACCRETIVE GROWTH ON A PER SHARE BASIS..NET RENTAL INCOME FOR Q1 2021 AT EUR 90.6 MILLION AS COMPARED TO EUR 94.5 MILLION IN Q1 2020, LOWER DUE TO DISPOSALS AT GAINS OVER BOOK VALUE..ADJUSTED EBITDA OF EUR 73 MILLION FOR Q1 2021, AS COMPARED TO EUR 74 MILLION FOR Q1 2020..FFO I AT EUR 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 EUR 0.27, AGAINST EUR 0.28 FOR CORRESPONDING PERIOD IN 2020. FFO I YIELD OF 4.9% (BASED ON A SHARE PRICE OF EUR 22)..DISPOSALS OF EUR 220 MILLION AT A SIGNIFICANT GAIN OF 16% OVER NET BOOK VALUES..PROFIT FOR PERIOD AMOUNTED TO EUR 51 MILLION, BASIC EPS OF EUR 0.20 AND DILUTED EPS OF EUR 0.19..EPRA NTA AS OF MARCH 2021 AMOUNTED TO EUR 4.5 BILLION AND EUR 27.0 PER SHARE, AS COMPARED TO EUR 4.6 BILLION AND EUR 26.5 PER SHARE AS OF YEAR-END 2020..STRONG EQUITY BASE MAINTAINED WITH TOTAL EQUITY AMOUNTING TO EUR 5.4 BILLION, REFLECTING AN EQUITY RATIO OF 50%..FY 2021 GUIDANCE CONFIRMED..ORGANIC GROWTH SUSTAINED WITH NET RENTAL INCOME INCREASING BY 1.8% ON A LIKE-FOR-LIKE BASIS.

Grand City Properties Resolves Share Buy-Back Program Of Up To 200 Million Euros

March 15 (Reuters) - Grand City Properties SA <GYC.DE>::DGAP-ADHOC: GRAND CITY PROPERTIES S.A. RESOLVES ON SHARE BUY-BACK PROGRAM WITH A VOLUME OF UP TO 200 MILLION EURO.SAYS.DGAP-ADHOC: GRAND CITY PROPERTIES S.A. RESOLVES ON SHARE BUY-BACK PROGRAM WITH A VOLUME OF UP TO 200 MILLION EURO.VOLUME OF PROPOSED BUY-BACK PROGRAM WILL AMOUNT TO UP TO 200 MILLION EUROS AND WILL BE LIMITED TO A MAXIMUM OF 10 MILLION SHARES IN COMPANY..PROGRAM SHALL START ON 16 MARCH 2021 AND SHALL BE FINALIZED BY 31 DECEMBER 2021 AT LATEST..PROGRAM SHALL START ON 16 MARCH 2021 AND SHALL BE FINALIZED BY 31 DECEMBER 2021 AT LATEST.VOLUME OF PROPOSED BUY-BACK PROGRAM WILL AMOUNT TO UP TO 200 MILLION EUROS AND WILL BE LIMITED TO A MAXIMUM OF 10 MILLION SHARES IN COMPAN.

Grand City Says 2020 Net Rental Income Down 3% To 372 Mln Eur

March 15 (Reuters) - Grand City Properties SA <GYC.DE>::FY PROFIT 449 MILLION EUR.FY ADJUSTED EBITDA ROSE 1 PERCENT TO 300 MILLION EUR.FY DILUTED EPS 2.01 EUR.FY BASIC EPS 2.13 EUR.NET RENTAL INCOME FOR 2020 AMOUNTED TO EUR 372 MLN AS COMPARED TO EUR 383 MLN IN 2019.ADJUSTED EBITDA OF EUR 300 MLN FOR 2020, UP 1% AS COMPARED TO 2019.FFO I PER SHARE BEFORE PERPETUAL NOTES ATTRIBUTION FOR 2020 AT EUR 1.27.GRAND CITY PROPERTIES S.A. ANNOUNCES FY 2020 RESULTS DRIVEN BY ROBUST OPERATIONSAND DISPOSALS.BEGINNING FROM 2021, DIVIDEND PAYOUT POLICY IS 75% OF FFO I PER SHARE.NET RENTAL INCOME FOR 2020 AMOUNTED TO EUR 372 MLN AS COMPARED TO EUR 383 MLN IN 2019, DECREASING BY 3% DUE TO HIGH VOLUME OF DISPOSALS DURING YEAR.PROFIT FOR YEAR OF 2020 AMOUNTED TO EUR 449 MLN, WITH A BASIC EPS OF EUR 2.13 AND DILUTED EPS OF EUR 2.01.ADJUSTED EBITDA OF EUR 300 MLN FOR 2020, UP 1% AS COMPARED TO 2019, SUPPORTED BY INTERNAL GROWTH.FFO I PER SHARE BEFORE PERPETUAL NOTES ATTRIBUTION FOR 2020 AT EUR 1.27, RESULTING IN A DIVIDEND OF EUR 0.82 PER SHARE (SUBJECT TO AGM APPROVAL) AND AN ATTRACTIVE DIVIDEND YIELD OF 4%.FFO I FOR 2020 AT EUR 182 MLN, HIGHER BY 2% OFFSETTING MARGINAL DECLINE IN NET RENTAL INCOME, DRIVEN BY HIGHER OPERATIONAL EFFICIENCIES.FFO I PER SHARE FOR 2020 REMAINED STABLE AT EUR 1.07 AS COMPARED TO 2019, YIELDING 5.2% BASED ON A SHARE PRICE OF EUR 20.7.BEGINNING FROM 2021, DIVIDEND PAYOUT POLICY IS 75% OF FFO I PER SHARE.

Grand City Properties Announces Result Of Public Tender Offer

Feb 17 (Reuters) - GRAND CITY PROPERTIES SA <GYC.DE>::ANNOUNCES RESULT OF PUBLIC TENDER OFFER TO BUY BACK OWN SHARES.FINAL PURCHASE PRICE FOR ALL SHARES VALIDLY TENDERED IS EUR 21.25 PER SHARE.UNTIL EXPIRY OF ACCEPTANCE PERIOD ON 12 FEBRUARY 2021, 24:00 CET, 3,370,708 SHARES OF COMPANY HAVE BEEN VALIDLY TENDERED INTO OFFER.

Grand City Properties Launches Public Tender Offer For Up To 12.5 Mln Shares

Jan 28 (Reuters) - GRAND CITY PROPERTIES SA <GYC.DE>::LAUNCHES PUBLIC TENDER OFFER FOR UP TO 12,500,000 SHARES.PURCHASE PRICE IN RANGE OF EUR 20.00 TO EUR 21.25 PER SHARE (EXCLUDING ANCILLARY ACQUISITION COSTS).IT IS EXPECTED THAT OFFER DOCUMENT FOR TENDER OFFER WILL BE PUBLISHED ON 29 JANUARY 2021..ACCEPTANCE PERIOD IS INTENDED TO START ON 29 JANUARY 2021, 00:00 (CET) AND TO END ON 12 FEBRUARY 2021.

Grand City Properties Announces Share Buyback

Jan 28 (Reuters) - Grand City Properties SA <GYC.DE>::DGAP-NEWS: GRAND CITY PROPERTIES S.A. ANNOUNCES SHARE BUYBACK.HAS RESOLVED TO BUY BACK UP TO 12,500,000 SHARES OF COMPANY, REPRESENTING 7.3% OF OUTSTANDING NUMBER OF SHARES.PUBLIC SELF-TENDER OFFER AT A PURCHASE PRICE IN RANGE OF EUR 20.00 TO EUR 21.25 PER SHARE.ACCEPTANCE PERIOD IS INTENDED TO START ON 29 JANUARY 2021 AND EXPECTED TO END ON 12 FEBRUARY 2021.BUYBACK UTILIZES AUTHORIZATION PROVIDED BY GENERAL ANNUAL MEETING.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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