Grand City Properties S.A. reports a 4% increase in 9M 2019 rental and operating income

  • Nov 18, 2019 GMT
  • Team Kalkine
  • Grand City Properties S.A. (0RPK) has released the results for 9M 2019.
  • The company has reported that the rental and operating income for 9M 2019 increased by 4 per cent to EUR418 million.
  • The Adjusted EBITDA for the reported period was up by 8 per cent at EUR220 million from the same period of the last year.
  • The company posted a profit of EUR365 million for the reported period; its basic EPS stood at EUR1.80 while the diluted EPS was of EUR1.70.
  • The company showed steady operational growth and maintained a secure financial base with solid credit metrics such as a low LTV of 33 per cent.

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