Breaking News
Quotes
All Instrument Types
  • All Instrument Types
  • Indices
  • Equities
  • ETFs
  • Funds
  • Commodities
  • Currencies
  • Crypto
  • Bonds
  • Certificates

Please try another search

Search website for: 
Popular News
More
Popular Analysis
More
More
Subscribe Now
/Free Sign Up
 0
📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picks Unlock AI Picks
Close

Grand City Properties SA (GYC)

Create Alert
Create Alert
New!
Create Alert
Website
  • As an alert notification
  • To use this feature, make sure you are signed-in to your account
Mobile App
  • To use this feature, make sure you are signed-in to your account
  • Make sure you are signed-in with the same user profile

Condition

Frequency

Once
%

Frequency

Frequency

Delivery Method

Status

Create Manage my alerts 
Back
Add to/Remove from Watchlist Add to Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
 
Create New Watchlist Create
Create a new holdings portfolio Add Create
+ Add another position Close
12.830 0.000    0.00%
16/09 - Real-time Data. Currency in EUR ( Disclaimer )
Type:  Equity
Market:  Austria
ISIN:  LU0775917882 
  • Volume: 0
  • Bid/Ask: 12.800 / 12.830
  • Day's Range: 12.830 - 12.890
Grand City 12.830 0.000 0.00%

Grand City Properties SA Company Profile

 
Get an in-depth profile of Grand City Properties SA, including a general overview of the company's business and key management, as well as employee data and location and contact information.
IndustryReal Estate Operations
SectorReal Estate
Employees

606

Equity Type

DRC

Grand City Properties S.A. engages in the residential real estate business in Germany, the United Kingdom, and internationally. The company invests in, manages, and rents real estate properties in North Rhine-Westphalia and Berlin; metropolitan regions of Dresden, Leipzig, and Halle; and the cities in the north of Germany, Bremen, Hamburg, and Hannover, as well as other major urban centers, such as Nuremberg, Munch, Mannheim, Frankfurt, and London. Grand City Properties S.A. was founded in 2004 and is based in Luxembourg, Luxembourg. Grand City Properties S.A. is a subsidiary of Aroundtown SA.

Contact Information

Address 37, Boulevard Joseph II
Luxembourg, 1840
Luxembourg
Phone 352 28 77 87 86
Fax -
Web www.grandcityproperties.com

Top Executives

Name Age Since Title
Christian G. Windfuhr - 2013 Executive Chairman of the Board
Yakir Gabay - 2013 Chairman of Advisory Board
Claudio Jarczyk - - Member of Advisory Board
Markus J. Leininger 58 2023 Independent Director
Johannes Beermann 64 2023 Member of Advisory Board
David Maimon 64 2019 Member of Advisory Board
Monica Porfilio - 2024 Independent Director
Scot Wardlaw 57 2024 Independent Director
Simone Runge-Brandner 48 2012 Non-Executive Director
Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I Agree

GYC Comments

Write your thoughts about Grand City Properties SA
 
Are you sure you want to delete this chart?
Delete Cancel
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
Replace Cancel
1000
Comment Guidelines
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
alex inve
alexinve Mar 22, 2023 10:38AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
Analysis FY 2022 results: Net Debt/EBITDA = 11.4x. AFFO diminished -1.26%. FFO/per share +3% at 1.14€. P/FFO (Today) = 7/1.14 = 6.14. Guidance FY 2023 FFO/share to decrease -13.16% max to 0.99€/share. P/FFO (2023e) = 7/0.99 = 7.07. Sector P/FFO for Residential REITs in US has been moving steadily between 17 and 25 in 2010-2018 period (S&P Global Market Intelligence, Nareit 2018). GYC is clearly undervalued already. Technical aspect doesn’t show any signs of recovery yet.
Reply
2 0
Report
James Sullivan
James Sullivan Mar 18, 2023 5:09AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
Hi, @alexinveI'm interested how did you calculate 'GYC going down to 4.42€'?Which values did you use?Do you think it will go up to 10€ -15€ in the next 4-5 years?
Reply
1 0
Report
alex inve
alexinve Mar 18, 2023 5:09AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
1679399941_42408.jpg
1679399941_42408.jpg Hello James, it's an estimation I made based on the monthly chart. January and February 2013 lows were around 4.42€. Current PER is 9.51 and dividend yield has been cut to 0% in 2022. Interest rates keep rising at the moment and before the SVB, FRC, Credit Suisse fall; investors thought they would go up until 5.5-6%. Even though debt is lower than its bigger competitor Vonovia and according to GYC website the company’s debt have a 95% interest hedging ratio, which is expected to reduce to 91% as some interest rate hedging matures throughout 2023; in an environment of increasing interest rates, investors could switch from REITs to bonds. The fact that GYC cut its dividend to 0, may look very disciplined and responsible. But a REIT who does not pay dividend is no longer attractive in my opinion. Whether it will be at 10-15€ in the next 4-5 years, that depends on: inflation stabilisation, interest rates beginning to drop at comfortable levels (1-3%), reduced banking crisis uncertainty and reduced recession fears, among other factors.
Reply
0 0
Report
alex inve
alexinve Mar 18, 2023 5:09AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
It's also important to track the FFO and AFFO and compare these two metrics with competitors in order to see if the stock has been oversold or overbought. Hope this helps!
Reply
0 0
Report
James Sullivan
James Sullivan Mar 18, 2023 5:09AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
Thanks for the explanation! I have some GYC stocks bought at 10.5€ a month ago.I tought it was a safe investment. The company had paid high divident and the stock had already fallen 50% from ATH.But now there is no divident and the stock is another 30% down. :-)Looks like I will keep it for a long period.
Reply
0 0
Report
alex inve
alexinve Mar 18, 2023 5:09AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
I understand your decision. If Central Banks stop to raise interest rates or inflation drops further, then REITs will be one of the first sectors to recover as they may be experiencing overselling. When I analysed GYC back in Oct, I saw good fundamental reasons to invest in it. Macroeconomic uncertainty is now overweighting those fundamental reasons. That's why diversification is the best path to financial calmness:)
Reply
0 0
Report
alex inve
alexinve Mar 16, 2023 4:27AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
Unfortunately, Grand City decided not to pay 2022 dividend due to macroeconomic uncertainty. The results were somewhat weak even though positive. I see GYC going down to 4.42€ in the next months. Better to avoid
Reply
1 1
Report
Daniel Farkas
Daniel Farkas Mar 16, 2023 4:27AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
haha...in next yeat 2024 with starting inflation down grow up price GCP min 12€ up, if dividend restart from 2024 rapudli up prces
Reply
0 0
Report
alex inve
alexinve Oct 13, 2022 3:26AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
Compared to Vonovia, Grand City has a double better debt position than its big competitor. Earnings payout are 23% and cash payout 64%. Vonovia's respective figures are 67% and 61%. Debt quity ratio at 57% is highly different from Vonovia's at 117%. Grand City may experiment higher costs of debt refinancing in 2023 but not as much as Vonovia in relative numbers. Grand City is able to breath better within this whole interest rates hike environment than mostly any other REIT. Sometimes, it's better to aim at 1,5B valued companies than 15B valued ones.
Reply
0 0
Report
alex inve
alexinve Jun 11, 2022 8:26AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
With German real state crisis, even though the stock performed nicely over the past 9 years, the fear of new rent regulations is present and Vonovia or Grand City may see their stock prices drop 30%-50% still.
Reply
0 0
Report
 
Are you sure you want to delete this chart?
Delete Cancel
 
Post
 
Replace the attached chart with a new chart ?
Replace Cancel
1000
Comment Guidelines
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Cancel Attach
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Confirm Block Cancel
Ok
Report this comment

I feel that this comment is:

Submit
Comment flagged

Thank You!

Your report has been sent to our moderators for review
Close
Continue with Apple
Continue with Google
or
Sign up with Email