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Please find our updated analysis of Grand City Properties (GCP) here.

Note: Beta testers can check Grand City Properties on the portal here.

Recent turmoil in German residential real estate has brought property valuations and regulatory risk back into focus. While structural housing undersupply continues to support rental growth, the combination of higher capitalisation rates, uncertainty over modernisation requirements and renewed political pressure on landlords creates a more challenging backdrop for bondholders. Berlin’s renewed push towards the socialisation of large residential portfolios adds a further tail risk, even if implementation remains uncertain.

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Maybe we are expecting too much, but there remains little tangible evidence of the “capturing growth” and “positioned well for future opportunities” narrative previously

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As tends to be the case with residential real estate companies, quarterly movements are smaller than for other corporates. Like-for-like rental growth came in

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Please find our updated analysis of Grand City Properties here.

As the title suggests, this update is mere housekeeping as Grand City Properties returns to normality. Credit risks for the name have pivoted away

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GCP’s Q3 numbers continue the boring story of a residential REIT entity, with Rental Income and EBITDA continuing to improve

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GCP has raised its guidance for FY24 across the board, including its expected dividend per share on the back of higher like-for-like renta

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Grand City Properties raised €500m in a new 4.375% 5.5yr unsecured bond offering.  The offering was well received and reportedly

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In a further sign that European property markets is normalising, Grand City Properties are extending their maturity profile with

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