External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Equity Bottom-Up

Grand City Properties Sa / Equity Bottom-Up

Key points (machine generated)<ul><li>Grand City Properties is offering a 5.90% perpetual bond that provides a double-digit annualized total return potential for bearing Investment Grade risk.</li><li>The bonds are currently trading at 57 cents on the euro, offering a cash-on-cash yield of 10.4%.</li><li>Grand City Properties is a real estate company focused on the German residential sector, holding 76k units in various locations. The company's balance sheet shows a market cap of 1,448 million and gross debt of 4,032 million, with cash and liquid assets of 714 million.</li></ul>This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)Grand City Properties is offering a 5.90% perpetual bond that provides a double-digit annualized total return potential for bearing Investment Grade risk.The bonds are currently trading at 57 cents on the euro, offering a cash-on-cash yield of 10.4%.Grand City Properties is a real estate company focused on the German residential sector, holding 76k units in various locations. The company's balance sheet shows a market cap of 1,448 million and gross debt of 4,032 million, with cash and liquid assets of 714 million.This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Grand City Properties (GCP ) - Wednesday, Nov 1, 2023

Leading International Investment Research, Edison Investment Research

Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Grand City Properties (GCP) is a specialist residential real estate company investing in underperforming assets in major German urban centres. Its &#8364;4.9bn portfolio has grown at a compound rate of 85% in the past four years and its revenues have increased more than tenfold. This growth, combined with asset management and modernisation, has seen EPRA NAV reach &#8364;2.5bn in 2016, from just &#8364;47m in 2010. Although portfolio growth has slowed, GCP has substantial firepower to make acquisitions, with cash and liquid assets of &#8364;632m and an LTV of just 35%. Despite this track record, the growth potential and a dividend yield above the sector average, it trades on a discount to both forecast NAV and its sector peers.

Grand City Properties (GCP) is a specialist residential real estate company investing in underperforming assets in major German urban centres. Its &#8364;4.9bn portfolio has grown at a compound rate of 85% in the past four years and its revenues have increased more than tenfold. This growth, combined with asset management and modernisation, has seen EPRA NAV reach &#8364;2.5bn in 2016, from just &#8364;47m in 2010. Although portfolio growth has slowed, GCP has substantial firepower to make acquisitions, with cash and liquid assets of &#8364;632m and an LTV of just 35%. Despite this track record, the growth potential and a dividend yield above the sector average, it trades on a discount to both forecast NAV and its sector peers.

Luxembourg

Grand City Properties S.A. specializes in buying, re-developing, optimizing and repositioning real estate properties in Germany. The Company owns and , manages units located mainly in Berlin, North Rhine, Westphalia, Dresden, Leipzig, Halle, Bremen, Nuremberg and Mannheim. Grand City Property was incorporated in 2011 and is based in Luxembourg.

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Grand City Properties Sa (GYC GR)

Grand City Properties (GCP ) - Wednesday, Nov 1, 2023

Key points (machine generated) Grand City Properties is offering a 5.90% perpetual bond that provides a double-digit annualized total return...

Value Investors Club

Value-add specialist

Grand City Properties (GCP) is a specialist residential real estate company investing in underperforming assets in major German urban centres. Its...

Edison Investment Research

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