{"id":1015764,"date":"2026-05-13T10:57:15","date_gmt":"2026-05-13T10:57:15","guid":{"rendered":"https:\/\/www.europesays.com\/de\/1015764\/"},"modified":"2026-05-13T10:57:15","modified_gmt":"2026-05-13T10:57:15","slug":"original-research-grand-city-properties-sa-von-first-berlin-equity-research","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/de\/1015764\/","title":{"rendered":"Original-Research: Grand City Properties SA (von First Berlin Equity Research…"},"content":{"rendered":"

Original-Research: Grand City<\/a> Properties SA – from First Berlin Equity<\/p>\n

boerse.de-Aktien-Ausblick:
Wie es an den B\u00f6rsen jetzt weitergeht!
Hier gratis anfordern …<\/a> <\/p>\n

Research GmbH<\/p>\n

13.05.2026 \/ 11:55 CET\/CEST<\/p>\n

Dissemination of a Research, transmitted by EQS News – a service of EQS<\/p>\n

Group.<\/p>\n

The issuer is solely responsible for the content of this research. The<\/p>\n

result of this research does not constitute investment advice or an<\/p>\n

invitation to conclude certain stock exchange transactions.<\/p>\n

Classification of First Berlin Equity Research GmbH to Grand City<\/a> Properties<\/p>\n

SA<\/p>\n

Company Name: Grand City<\/a> Properties SA<\/p>\n

ISIN: LU0775917882<\/p>\n

Reason for the research: Dreimonatsbericht<\/p>\n

Recommendation: Kaufen<\/p>\n

from: 13.05.2026<\/p>\n

Target price: EUR14,80<\/p>\n

Target price on sight of: 12 Monate<\/p>\n

Last rating change: –<\/p>\n

Analyst: Ellis Acklin<\/p>\n

First Berlin Equity Research hat ein Research Update zu Grand City<\/p>\n

Properties S.A. (ISIN: LU0775917882) ver\u00f6ffentlicht. Analyst Ellis Acklin<\/p>\n

best\u00e4tigt seine BUY-Empfehlung und best\u00e4tigt sein Kursziel von EUR 14,80.<\/p>\n

Zusammenfassung:<\/p>\n

Der Dreimonatsbericht lieferte eine weitere eindeutige Best\u00e4tigung f\u00fcr den<\/p>\n

Investment Case von GCP. Der Vermieter verbindet weiterhin ein solides<\/p>\n

internes Wachstum mit einem Finanzprofil, dessen Risiken nach den j\u00fcngsten<\/p>\n

Refinanzierungsma\u00dfnahmen deutlich reduziert wurden. Das LFL-Mietwachstum<\/p>\n

blieb im ersten Quartal bei 3,5%, die Leerstandsquote lag mit 3,6% nahe<\/p>\n

ihrem historischen Tiefstand, und die durchschnittliche Miete stieg leicht<\/p>\n

auf EUR9,80\/m\u00b2 an, was unterstreicht, dass der operative Motor weiterhin in<\/p>\n

guter Verfassung ist. Die vollst\u00e4ndige Refinanzierung des Perpetual-Stacks<\/p>\n

und das Ausbleiben weiterer Reset-Ereignisse bis 2031 ebneten den Weg f\u00fcr<\/p>\n

die geplante Wiederaufnahme der Dividendenaussch\u00fcttung auf Basis der<\/p>\n

Ergebnisse f\u00fcr 2025 und die aktualisierte Aussch\u00fcttungsquote von 50%. Die<\/p>\n

Q1-Ergebnisse entsprachen weitgehend unseren Prognosen. Wir halten unsere<\/p>\n

Sch\u00e4tzungen daher nahe am Mittelwert der best\u00e4tigten Guidance und behalten<\/p>\n

unsere Kaufempfehlung mit einem unver\u00e4nderten Kursziel von EUR14,80 bei<\/p>\n

(Aufw\u00e4rtspotenzial: 57%).<\/p>\n

First Berlin Equity Research has published a research update on Grand City<\/p>\n

Properties S.A. (ISIN: LU0775917882). Analyst Ellis Acklin reiterated his<\/p>\n

BUY rating and maintained his EUR 14.80 price target.<\/p>\n

Abstract:<\/p>\n

Q1 reporting provided further clean validation of GCP’s core investment<\/p>\n

case. The landlord continues to pair sturdy internal growth with a markedly<\/p>\n

de-risked financial profile after recent refinancing work. LFL rental growth<\/p>\n

held at 3.5% in Q1, vacancy stayed near historic lows at 3.6%, and in-place<\/p>\n

rent edged up to EUR9.8\/m\u00b2 underscoring that the operating engine remains in<\/p>\n

good shape. Meanwhile, the full refinancing of the perpetual stack and the<\/p>\n

absence of further reset events until 2031 helped pave the way for the<\/p>\n

proposed dividend restart on 2025 earnings and updated 50% payout policy.<\/p>\n

Headline Q1 figures were close to FBe. We thus keep estimates aligned near<\/p>\n

the midpoint of confirmed guidance and remain Buy-rated on GCP with a EUR14.8<\/p>\n

TP (upside: 57%).<\/p>\n

Bez\u00fcglich der Pflichtangaben gem. \u00a734b WpHG und des Haftungsausschlusses<\/p>\n

siehe die vollst\u00e4ndige Analyse.<\/p>\n

You can download the research here:<\/p>\n

https:\/\/eqs-cockpit.com\/c\/fncls.ssp?u=452098d3dc26be2ae20dd0b50c31bbc9<\/p>\n

Contact for questions:<\/p>\n

First Berlin Equity Research GmbH<\/p>\n

Herr Gaurav Tiwari<\/p>\n

Tel.: +49 (0)30 809 39 686<\/p>\n

web: www.firstberlin.com<\/p>\n

E-Mail: [email\u00a0protected]<\/a><\/p>\n

The EQS Distribution Services include Regulatory Announcements,<\/p>\n

Financial\/Corporate News and Press Releases.<\/p>\n

View original content:<\/p>\n

https:\/\/eqs-news.com\/?origin_id=4b406ad3-4eb1-11f1-8534-027f3c38b923&lang=en<\/p>\n

2327030 13.05.2026 CET\/CEST<\/p>\n

\u00b0<\/p>\n

Quelle: dpa-AFX<\/p>\n","protected":false},"excerpt":{"rendered":"Original-Research: Grand City Properties SA – from First Berlin Equity boerse.de-Aktien-Ausblick:Wie es an den B\u00f6rsen jetzt weitergeht!Hier gratis…\n","protected":false},"author":2,"featured_media":628225,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1825],"tags":[296,29,30],"class_list":{"0":"post-1015764","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-berlin","8":"tag-berlin","9":"tag-deutschland","10":"tag-germany"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@de\/116566913804925567","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/de\/wp-json\/wp\/v2\/posts\/1015764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/de\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/de\/wp-json\/wp\/v2\/comments?post=1015764"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/de\/wp-json\/wp\/v2\/posts\/1015764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/de\/wp-json\/wp\/v2\/media\/628225"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/de\/wp-json\/wp\/v2\/media?parent=1015764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/de\/wp-json\/wp\/v2\/categories?post=1015764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/de\/wp-json\/wp\/v2\/tags?post=1015764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}