EQS-News: Grand City Properties S.A. announces FY 2023 results with robust operational growth and stable LTV
Adjusted EBITDA of €320 million in FY 2023, higher by 4% as compared to €308 million in FY 2022.
- Adjusted EBITDA of €320 million in FY 2023, higher by 4% as compared to €308 million in FY 2022.
- EPRA LTV (considering perpetual notes as debt) as of December 2023 is 48%, up from 46% in December 2022 due to negative property revaluation.
- Luxembourg, March 13, 2024 – Grand City Properties S.A. (“GCP” or the “Company”) announces results for the financial year 2023 with robust operational performance, strong liquidity position and conservative financial leverage maintained.
- In 2023, GCP continued its proactive approach of strengthening liquidity, reducing refinance risk and maintaining a conservative financial profile with stable LTV ratio.