trending Market Intelligence /marketintelligence/en/news-insights/trending/SXi5UQ1Tyn4rjV1YKa29FQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Grand City's FY'18 FFO I climbs 11.1% YOY

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


Grand City's FY'18 FFO I climbs 11.1% YOY

Grand City Properties SA said funds from operations I totaled €197.9 million in 2018, a gain of 11.1% from €178.0 million in the previous year.

Full-year FFO I amounted to €1.19 per share, an increase of 6.2% year over year from €1.12 per share.

The S&P Global Market Intelligence consensus FFO estimate for 2018 was €1.11 per share.

Profit attributable to owners of the company came to €488.6 million, compared with €534.6 million in the prior-year period. EPS weighed in at €2.76, down 10% from €3.06.

The S&P Global Market Intelligence consensus normalized EPS estimate for 2018 was €2.92.

Rental and operating income rose 10.1% on an annual basis to €545.0 million from €494.9 million.

The Luxembourg-based real estate operator and manager will propose to pay a dividend of 77 euro cents for 2018 at its next annual general meeting, an increase compared to the previous annual dividend of 73 cents. The amount represents a payout ratio of 65% of FFO I per share.