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Grand City Properties: Cheap Valuation Despite Improving Fundamentals
CHCOCity Holding(CHCO) Seeking Alpha·2024-07-18 12:12

Perpetual notes (GCP) lechatnoir Article performance (Seeking Alpha) Financial Overview Its net profit in the quarter was €42 million, compared to a net loss of €11 million in Q3 2023, with the difference being mainly explained by property revaluations that impacted negatively its accounting profit in 2023. Its Free Funds from Operations (FFO), which is usually considered the best operating metric in the real estate sector regarding profitability, was €45.3 million in Q1 2024 (-4% YoY, due to higher finance ...