Grand City Properties Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Grand City Properties (ETR:GYC) Third Quarter 2024 Results

Key Financial Results

• Revenue: €148.9m (up 1.7% from 3Q 2023).
• Net income: €48.4m (up by €46.1m from 3Q 2023).
• Profit margin: 33% (up from 1.6% in 3Q 2023).
• EPS: €1.33 (up from €0.013 in 3Q 2023).

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

Grand City Properties Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Real Estate industry in Germany.

Performance of the German Real Estate industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

Be aware that Grand City Properties is showing 1 warning sign in our investment analysis that you should know about...

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