Grand City Properties SA (GYC) - Net Assets
Based on the latest financial reports, Grand City Properties SA (GYC) has net assets worth €5.94 Billion EUR (≈ $6.94 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€11.50 Billion ≈ $13.45 Billion USD) and total liabilities (€5.57 Billion ≈ $6.51 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Grand City Properties SA tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.94 Billion |
| % of Total Assets | 51.62% |
| Annual Growth Rate | 18.58% |
| 5-Year Change | 2.33% |
| 10-Year Change | 93.72% |
| Growth Volatility | 29.9 |
Grand City Properties SA - Net Assets Trend (2013–2025)
This chart illustrates how Grand City Properties SA's net assets have evolved over time, based on quarterly financial data. See GYC cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Grand City Properties SA (2013–2025)
The table below shows the annual net assets of Grand City Properties SA from 2013 to 2025. For live valuation and market cap data, see Grand City Properties SA (GYC) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €5.94 Billion ≈ $6.94 Billion |
+9.67% |
| 2024-12-31 | €5.41 Billion ≈ $6.33 Billion |
+3.52% |
| 2023-12-31 | €5.23 Billion ≈ $6.11 Billion |
-11.57% |
| 2022-12-31 | €5.91 Billion ≈ $6.91 Billion |
+1.92% |
| 2021-12-31 | €5.80 Billion ≈ $6.78 Billion |
+4.46% |
| 2020-12-31 | €5.55 Billion ≈ $6.49 Billion |
+11.85% |
| 2019-12-31 | €4.97 Billion ≈ $5.81 Billion |
+6.42% |
| 2018-12-31 | €4.67 Billion ≈ $5.46 Billion |
+21.23% |
| 2017-12-31 | €3.85 Billion ≈ $4.50 Billion |
+25.60% |
| 2016-12-31 | €3.07 Billion ≈ $3.58 Billion |
+41.10% |
| 2015-12-31 | €2.17 Billion ≈ $2.54 Billion |
+108.54% |
| 2014-12-31 | €1.04 Billion ≈ $1.22 Billion |
+35.64% |
| 2013-12-31 | €767.92 Million ≈ $897.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Grand City Properties SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 945.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.91 Billion | 73.80% |
| Other Components | €1.39 Billion | 26.20% |
| Total Equity | €5.30 Billion | 100.00% |
Grand City Properties SA Competitors by Market Cap
The table below lists competitors of Grand City Properties SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Recursion Pharmaceuticals Inc
NASDAQ:RXRX
|
$1.67 Billion |
|
Pebblebrook Hotel Trust
NYSE:PEB
|
$1.67 Billion |
|
GPS Participações e Empreendimentos S.A
SA:GGPS3
|
$1.67 Billion |
|
Yusys Technologies Co Ltd Class A
SHE:300674
|
$1.67 Billion |
|
PHARVARIS N.V. EO -12
F:9EN
|
$1.67 Billion |
|
Success Electronics Ltd
SHE:002289
|
$1.67 Billion |
|
Xinjiang Zhongtai Chemical Co Ltd
SHE:002092
|
$1.67 Billion |
|
Hangzhou Greenda Electronic Materials Co Ltd
SHG:603931
|
$1.67 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grand City Properties SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,912,645,000 to 5,302,416,000, a change of 389,771,000 (7.9%).
- Net income of 511,884,000 contributed positively to equity growth.
- Other factors decreased equity by 122,113,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €511.88 Million | +9.65% |
| Other Changes | €-122.11 Million | -2.3% |
| Total Change | €- | 7.93% |
Book Value vs Market Value Analysis
This analysis compares Grand City Properties SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.31x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.44x to 0.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €21.15 | €9.24 | x |
| 2018-12-31 | €25.54 | €9.24 | x |
| 2019-12-31 | €26.94 | €9.24 | x |
| 2020-12-31 | €29.21 | €9.24 | x |
| 2021-12-31 | €31.45 | €9.24 | x |
| 2022-12-31 | €30.46 | €9.24 | x |
| 2023-12-31 | €27.35 | €9.24 | x |
| 2024-12-31 | €28.50 | €9.24 | x |
| 2025-12-31 | €30.11 | €9.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grand City Properties SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 119.39%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 2.17x
- Recent ROE (9.65%) is below the historical average (11.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 32.10% | 133.02% | 0.10x | 2.34x | €155.78 Million |
| 2014 | 21.62% | 88.76% | 0.09x | 2.76x | €110.48 Million |
| 2015 | 17.66% | 107.48% | 0.07x | 2.31x | €155.45 Million |
| 2016 | 19.70% | 127.66% | 0.07x | 2.15x | €278.25 Million |
| 2017 | 16.03% | 112.47% | 0.07x | 2.15x | €210.30 Million |
| 2018 | 12.19% | 95.17% | 0.06x | 2.08x | €93.14 Million |
| 2019 | 9.73% | 78.52% | 0.06x | 2.18x | €-12.32 Million |
| 2020 | 7.87% | 106.07% | 0.03x | 2.16x | €-106.93 Million |
| 2021 | 10.57% | 146.46% | 0.03x | 2.23x | €29.79 Million |
| 2022 | 2.93% | 38.88% | 0.04x | 2.12x | €-370.89 Million |
| 2023 | -10.90% | -124.92% | 0.04x | 2.32x | €-985.24 Million |
| 2024 | 4.86% | 56.54% | 0.04x | 2.28x | €-252.28 Million |
| 2025 | 9.65% | 119.39% | 0.04x | 2.17x | €-18.36 Million |
Industry Comparison
This section compares Grand City Properties SA's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $17,032,786,444
- Average return on equity (ROE) among peers: -3.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grand City Properties SA (GYC) | €5.94 Billion | 32.10% | 0.94x | $1.67 Billion |
| Grainger PLC (1U4) | $815.60 Million | 10.72% | 1.32x | $1.35 Billion |
| A-LIVING SM.CI.SV. H YC 1 (1V0) | $11.15 Billion | -29.58% | 0.82x | $337.61 Million |
| E-H.(CH)ENT. H. DL-00001 (1VC) | $-9.99 Million | 0.00% | 0.00x | $8.18 Million |
| RomReal Limited (3RR) | $21.67 Million | -12.13% | 0.56x | $8.39 Million |
| Red Star Macalline Group Corporation Ltd (3S5) | $55.14 Billion | -4.38% | 1.25x | $113.53 Million |
| SOHO China Limited (45S) | $35.65 Billion | 2.55% | 0.89x | $246.98 Million |
| CELLN.TELEC.UNSP.ADR/1/2 (4720) | $15.83 Billion | -2.29% | 1.64x | $17.56 Billion |
| SHIMAO SERV.HLDGS HD-01 (5GO) | $8.04 Billion | -3.39% | 0.62x | $154.26 Million |
| SUNAC SERVIC.HLDGS HD-01 (65D) | $5.32 Billion | -8.48% | 0.99x | $302.99 Million |
| COUNTRY GARDEN SVDL-0001 (75H) | $38.37 Billion | 10.51% | 0.74x | $2.17 Billion |
About Grand City Properties SA
Grand City Properties S.A. engages in the residential real estate business in Germany, the United Kingdom, and internationally. It invests in, manages, and rents real estate properties in North Rhine-Westphalia and Berlin; and metropolitan regions of Dresden, Leipzig, and Halle. The company also engages in financing activities. The company was founded in 2004 and is based in Luxembourg, Luxembour… Read more