Luxembourg's Grand City Properties profit surges on revaluations

Grand City Properties SA

04/03/2026 04:26

Overview

Luxembourg residential real estate firm reported FY 2025 net rental income up 1% yr/yr

Adjusted EBITDA for FY 2025 increased 1% yr/yr

Company profit surged to €588 mln, driven by positive revaluations and tax income

Outlook

Grand City Properties expects 2026 FFO I between €175 mln and €185 mln

Company anticipates higher perpetual note coupons impacting 2026 FFO I

Result Drivers

LIKE-FOR-LIKE RENTAL GROWTH - Co reported 3.5% like-for-like rental growth, supporting net rental income increase despite disposals

CAPITAL RECYCLING - GCP completed €340 mln disposals and reinvested in €300 mln high-quality acquisitions, enhancing returns

POSITIVE PROPERTY REVALUATIONS - Profit boosted by €277 mln positive property revaluation and one-off deferred tax income

Company press release: ID:nEQ6z57wpa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Rental Income
EUR 429 mln
FY Net Income
EUR 588 mln
FY Adjusted EBITDA
EUR 340 mln
FY FFO
EUR 188 mln
FY Dividend
EUR 0.08
FY Like-For-Like
3.50%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy."

Wall Street's median 12-month price target for Grand City Properties SA is €11.00, about 5.2% above its March 3 closing price of €10.46

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)