Brief: Grand City Properties FY Net Rental Income At EUR 396 Mln

Grand City Properties SA

16/03/2023 06:04

March 16 (Reuters) - GRAND CITY PROPERTIES SA  GYC.DE :
    * ANNOUNCES RESULTS FOR FY 2022 WITH SOLID OPERATIONAL
PERFORMANCE
DESPITE MACRO-ECONOMIC UNCERTAINTY
    * GUIDANCE FOR FY 2022 MET AND GUIDANCE FOR FY 2023
PUBLISHED
    * DUE TO MACRO-ECONOMIC UNCERTAINTY, COMPANY WILL NOT PAY
DIVIDED
FOR 2022
    * FULL YEAR 2022 PROPERTY REVALUATION OF 1% POSITIVE
LIKE-FOR-LIKE
GROWTH
    * PROFIT FOR YEAR OF 2022 AMOUNTED TO EUR 179 MILLION
REFLECTING A
BASIC EPS OF EUR 0.77 AND A DILUTED EPS OF EUR 0.76
    * STRONG LIQUIDITY POSITION WITH CASH AND LIQUID ASSETS OF
EUR 429
MILLION AS OF DECEMBER 2022 WHICH COVER DEBT MATURITIES UNTIL Q2
2025
    * IN 2022, NET RENTAL INCOME OF EUR 396 MILLION, INCREASING
6% AS
COMPARED TO EUR 375 MILLION IN 2021

Source text for Eikon:  ID:nEQ1WMKJWa 
Further company coverage:  GYC.DE 

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