Grand City Properties Reports Steady 2025 Financial Performance

Grand City Properties S.A. announced its 2025 financial results, showcasing a solid operational performance. The company achieved a net rental income of €429 million, marking a 1% increase from the previous year. A notable 3.5% like-for-like rental growth contributed to this improvement, aiding in offsetting the effects of net disposals.

The report highlights an adjusted EBITDA of €340 million, a 1% rise from 2024. Funds from Operations (FFO I) remained constant at €188 million, although a marginal decrease in FFO I per share to €1.06 was observed. The company’s conservative financial strategy was evident, with a low Loan-to-Value (LTV) ratio of 31% and an interest coverage ratio of 5.2x.

Aroundtown, a majority shareholder, announced a voluntary exchange offer, proposing four Aroundtown shares for each GCP share. This offer entails no minimum acceptance threshold, providing an attractive exchange premium for shareholders.