Brief: Grand City Properties 9-Month Profit At EUR 290 Million

Grand City Properties SA

15/11/2021 05:49

Nov 15 (Reuters) - GRAND CITY PROPERTIES SA  GYC.DE :
    * ANNOUNCES 9M 2021 RESULTS
    * NET RENTAL INCOME FOR 9M 2021 AMOUNTED TO EUR 276 MILLION
AS
COMPARED TO EUR 279 MILLION DURING COMPARABLE PERIOD IN 2020
    * FY 2021 GUIDANCE CONFIRMED
    * QUALITY ACCRETIVE ACQUISITIONS DURING PERIOD AMOUNTED TO
APPROX.
EUR 700 MILLION
    * ADJUSTED EBITDA FOR 9M 2021 WAS EUR 222 MILLION, AS
COMPARED TO
EUR 223 MILLION IN 9M 2020
    * FFO I FOR FIRST THREE QUARTERS OF 2021 AT EUR 140 MILLION,
UP BY
3% AS COMPARED TO CORRESPONDING PERIOD IN 2020
    * FFO I PER SHARE FOR 9M 2021 AT EUR 0.84 PER SHARE,
INCREASING 4%
OVER EUR 0.81 PER SHARE GENERATED IN 9M 2020 AND YIELDING 5.0%
ANNUALLY
    * PROFIT GENERATED IN 9M 2021 AMOUNTED TO EUR 290 MILLION,
REFLECTING A BASIC EPS OF EUR 1.39 AND A DILUTED EPS OF EUR 1.31
    * FY 2021 GUIDANCE CONFIRMED

Source text for Eikon:  ID:nEQ4pgSNBa 
Further company coverage:  GYC.DE 

 (Reporting by Berlin Newsroom)
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