Grand City Properties Reports Solid 9M 2025 Results

Grand City Properties S.A. announced its results for the first nine months of 2025, showcasing strong operations. The company achieved a net rental income of €320 million, a slight increase compared to the previous year, supported by a 3.7% like-for-like rental growth. Despite disposals totaling €140 million, proceeds fueled acquisitions worth approximately €85 million, primarily in London.

Adjusted EBITDA rose marginally to €253 million. FFO I remained stable at €141 million, ensuring the company met its full-year guidance. Impressively, profit swelled to €410 million, fueled by favorable revaluations and tax adjustments.

Grand City maintains robust liquidity with €1.4 billion in assets, representing 32% of total debt. The financial profile is conservative, with a low loan-to-value ratio of 33% and significant unencumbered assets of €6.2 billion, comprising 69% of the total portfolio value. These solid fundamentals position the company for continued growth.