Original-Research: Grand City Properties SA (von First Berlin Equity Research GmbH): Kaufen
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Original-Research: Grand City Properties SA - from First Berlin Equity Research GmbH
Classification of First Berlin Equity Research GmbH to Grand City Properties SA
First Berlin Equity Research hat ein Research Update zu Grand City Properties S.A. (ISIN: LU0775917882) veröffentlicht. Analyst Ellis Acklin bestätigt seine BUY-Empfehlung und bestätigt sein Kursziel von EUR 15,00. Zusammenfassung: Die Q3-Ergebnisse entsprachen unseren Prognosen und GCP ist auf dem besten Weg, den Mittelpunkt der Guidance für 2025 zu erreichen, die einen FFOPS von €1,05 bis €1,11 vorsieht (FBe: €1,08). Die stabile operative Performance wurde durch ein LFL-Mietwachstum von 3,7% angeführt, was trotz Veräußerungseffekten zu einem Anstieg des AEBITDA um 1% in den ersten neun Monaten führte. Alle wichtigen Regionen trugen zu dieser guten Performance bei. Die anhaltend starke Dynamik im deutschen und Londoner Wohnimmobiliensektor stützt die weiteren organischen Wachstumsaussichten, während das Management den Markt weiterhin nach Möglichkeiten für einen aktiveren Immobilienkauf absucht. Wir behalten unsere Kaufempfehlung für GCP mit einem unveränderten Kursziel von €15,00 (Aufwärtspotenzial: 42 %) bei. First Berlin Equity Research has published a research update on Grand City Properties S.A. (ISIN: LU0775917882). Analyst Ellis Acklin reiterated his BUY rating and maintained his EUR 15.00 price target. Abstract: Q3 results were in line with our forecasts and have GCP on pace to hit the mid-point of 2025 guidance, which calls for FFOPS of €1.05 - €1.11 (FBe: €1.08) The steady operating performance was spearheaded by 3.7% LFL rental growth, which translated into a 1% rise in 9M AEBITDA, despite disposal effects. All key regions contributed to this good performance. Persistently strong German and London resi dynamics support further organic growth prospects, while management continue to scan the market for opportunities to become a more active property buyer. We remain Buy-rated on GCP with an unchanged €15.0 TP (upside: 42%). Bezüglich der Pflichtangaben gem. §34b WpHG und des Haftungsausschlusses siehe die vollständige Analyse. You can download the research here: GYC_GR-2025-11-17_EN Contact for questions: First Berlin Equity Research GmbH Herr Gaurav Tiwari Tel.: +49 (0)30 809 39 686 web: www.firstberlin.com E-Mail: g.tiwari@firstberlin.com
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2230938 17.11.2025 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 560,30 | 535,42 | 524,63 | 582,51 | 607,74 | 597,02 | 0,00 | |
| EBITDA1,2 | 297,66 | 299,78 | 298,59 | 308,10 | 319,65 | 376,71 | 0,00 | |
| EBITDA-Margin3 | 53,13 | 55,99 | 56,91 | 52,89 | 52,60 | 63,10 | 0,00 | |
| EBIT1,4 | 692,87 | 640,16 | 985,99 | 413,80 | -581,56 | 370,40 | 0,00 | |
| EBIT-Margin5 | 123,66 | 119,56 | 187,94 | 71,04 | -95,69 | 62,04 | 0,00 | |
| Net Profit (Loss)1 | 493,36 | 449,07 | 617,09 | 179,10 | -638,07 | 242,13 | 0,00 | |
| Net-Margin6 | 88,05 | 83,87 | 117,62 | 30,75 | -104,99 | 40,56 | 0,00 | |
| Cashflow1,7 | 249,49 | 242,15 | 217,06 | 216,12 | 249,41 | 284,46 | 0,00 | |
| Earnings per share8 | 2,30 | 2,01 | 2,90 | 0,76 | -1,65 | 1,14 | 0,78 | |
| Dividend per share8 | 0,82 | 0,82 | 0,83 | 0,00 | 0,00 | 0,00 | 0,40 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: KPMG
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
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| Grand City Properties | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A1JXCV | LU0775917882 | SA | 1.832,35 Mio € | 29.05.2012 | Halten | 8FX8J49G+J6 |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 12,38 | 8,98 | 1,38 | 4,91 | 0,00 | 7,35 | 3,07 |
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Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 0,00 | 0,00 | 0,40 | 3,84% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 24.06.2025 | 14.05.2025 | 13.08.2025 | 13.11.2025 | 17.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -5,53% | -3,68% | -8,60% | -14,52% | +272,14% |
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