Grand City Properties Full Year 2023 Earnings: Beats Expectations

Grand City Properties (ETR:GYC) Full Year 2023 Results

Key Financial Results

• Revenue: €607.7m (up 4.3% from FY 2022).
• Net loss: €513.8m (down by 498% from €129.2m profit in FY 2022).
• €3.18 loss per share (down from €0.77 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Grand City Properties Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 26%.

Looking ahead, revenue is expected to fall by 1.4% p.a. on average during the next 2 years compared to a 15% decline forecast for the Real Estate industry in Germany.

Performance of the German Real Estate industry.

The company's shares are up 5.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Grand City Properties (1 is a bit unpleasant) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.