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