Grand City Properties S.A. Kicks Off Q1 2024 with Robust Operations, Promising Start

• Net rental income increased by 4% to €105 million in Q1 2024 compared to Q1 2023
• Solid like-for-like rental growth of 3.4% driven by in-place rent growth
• Adjusted EBITDA increased to €82 million in Q1 2024, up by 3% compared to Q1 2023
• FFO I decreased by 4% to €45 million in Q1 2024, with €0.26 per share
• Successful perpetual notes exchange in April 2024 with 82% acceptance ratio
• Strong liquidity position with €1.3 billion of cash and liquid assets as of March 2024, covering debt maturities until the end of 2026.

The next important date, Quarterly report, at Grand City Properties is on 16.05.2024.

At this time, the index SDAX was at 15.125,97PKT (+0,35 %).

Grand City Properties

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ISIN:LU0775917882WKN:A1JXCV

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