Grand City Properties Reports H1 2025 Financial Results

Grand City Properties S.A. (GCP) has announced its financial results for the first half of 2025, showcasing a strong operational performance. Net rental income saw a modest 1% increase to €213 million compared to the same period last year, despite the impact of disposals. This growth was supported by a like-for-like rental increase of 3.7% as of June 2025.

Adjusted EBITDA rose by 2% to €169 million, reflecting improved operational efficiencies. The company reported net profit of €210 million, with basic earnings per share of €0.92, a significant turnaround from a loss experienced in H1 2024.

GCP maintained a strong liquidity position with €1.5 billion in cash and liquid assets, representing 34% of total debt. With a low loan-to-value ratio of 32%, GCP continues to emphasize a conservative financial profile.

Looking ahead, the company confirmed its full-year guidance, highlighting ongoing growth potential through acquisitions and a robust financial stance.