Grand City Properties Reports Growth and Revised Guidance

Grand City Properties SA (DE:GYC) has released an update.

Grand City Properties S.A. reports a positive first half of 2024, with a 3% increase in net rental income and a like-for-like rental growth of 3.4%, leading to an upward revision of its full-year guidance. Despite a 2% decline in portfolio value, the company displayed strong operational performance and a solid financial position, including a conservative LTV ratio and successful capital market transactions that cover all debt maturities until the end of 2027.

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