Grand City Properties H1 FY26 profit drops 39% to EUR 129 million; revenue rises 3.52% to EUR 309.29 million

Reuters2026/08/12 04:37

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Grand City Properties H1 2026 profit fell 39% to EUR 129 million; IFRS basic EPS dropped 47% to EUR 0.49.
Revenue rose 4% to EUR 309.29 million; net rental income increased 3% to EUR 219.28 million on 3.3% like-for-like rent growth.
Property revaluations and capital gains slid 64% to EUR 56.01 million; IFRS operating profit declined to EUR 224.45 million.
Adjusted EBITDA rose 3% to EUR 174.33 million, while FFO I fell 4% to EUR 91.45 million due to higher finance expenses.
Loan-to-value increased to 33% from 31%; cash and liquid assets fell 16% to EUR 1.37 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grand City Properties SA published the original content used to generate this news brief on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Grand City Properties H1 FY26 profit drops 39% to EUR 129 million; revenue rises 3.52% to EUR 309.29 million

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