Grand City Properties SA (XTER:GYC)

Half Year 2025 Grand City Properties SA Earnings Call Transcript

Aug 13, 2025 / 08:00 AM GMT

Release Date Price: €11.06 (+0.18%)

Transcript

Key Points

Positve

Grand City Properties SA (GRNNF) reported a strong set of results for the first half of 2025, with increasing rents and operational results.
The company acquired €60 million worth of new properties, focusing on both asset sales and opportunistic acquisitions.
Vacancy rates reduced to a historic low of 3.7%, indicating strong operational performance.
The company maintained a low leverage and high liquidity, positioning it well for future acquisition opportunities.
Net rental income increased by 1% and adjusted EBITDA rose by 2% year over year, reflecting disciplined financial management.

Negative

The real estate market still faces significant refinancing challenges, which could impact future growth.
Construction activity remains subdued due to high costs and regulatory complexity, limiting new housing supply.
Despite positive trends, the market has not fully overcome the challenges of the past years.
Higher finance and deferred tax expenses partially offset improved operational performance.
The company's cost of debt is expected to rise due to upcoming refinancing needs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GYC.DE - Grand City Properties SA
Half Year 2025 Grand City Properties SA Earnings Call
Aug 13, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and thank you for joining us for Grand City's Resort call for the first half of 2025.

You can view this presentation on Grant City's website either on the home section or under financial reports of the investor relations section.

With me today will be Chairman and director Christian Winthrop, CEO Rafael Zamir, CFO, and head of investor relations and capital markets, Michael Bao.

For the duration of the call, all participants will be on a listen mode only.

Following our presentation, you will have the opportunity to ask questions.

Feel free to send us your questions via email also during.

The email address is GCP-IR@grancity dotlu.

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