Grand City Properties Reports 2025 Results and Announces Exchange Offer

Grand City Properties S.A. has released its financial results for the fiscal year 2025, revealing solid operational performance and achievement of financial guidance. The company reported net rental income of €429 million, marking a 1% increase from 2024. Despite higher finance expenses, the firm maintained stable Funds from Operations (FFO I) at €188 million.

Significant growth was seen in property revaluation, with an increase of 3.2% like-for-like, while the rental yield remained steady at 4.9%. Profit surged to €588 million, supported by positive revaluations and one-off tax income. The liquidity position was strong, with €1.6 billion in cash and liquid assets, representing 37% of total debt.

Aroundtown S.A., the majority shareholder, announced a voluntary exchange offer for GCP shares, offering four Aroundtown shares per GCP share. This move implies a premium of 6.6% over the last closing price, enhancing share liquidity and market capitalization.