Grand City Properties S.A
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; metropolitan regions of Dresden, Leipzig, and Halle; and the cities in the north of Germany, Bremen, Hamburg, and Hannover, as well as other major urban centers, such as Nuremb… Read more
Grand City Properties S.A (GRNNF) - Net Assets
Latest net assets as of September 2025: $7.67 Billion USD
Based on the latest financial reports, Grand City Properties S.A (GRNNF) has net assets worth $7.67 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.19 Billion) and total liabilities ($5.51 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.67 Billion |
| % of Total Assets | 58.2% |
| Annual Growth Rate | 56.28% |
| 5-Year Change | -2.53% |
| 10-Year Change | 149.24% |
| Growth Volatility | 117.13 |
Grand City Properties S.A - Net Assets Trend (2008–2024)
This chart illustrates how Grand City Properties S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Grand City Properties S.A (2008–2024)
The table below shows the annual net assets of Grand City Properties S.A from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $5.41 Billion | +3.52% |
| 2023-12-31 | $5.23 Billion | -11.57% |
| 2022-12-31 | $5.91 Billion | +1.92% |
| 2021-12-31 | $5.80 Billion | +4.46% |
| 2020-12-31 | $5.55 Billion | +11.85% |
| 2019-12-31 | $4.97 Billion | +6.42% |
| 2018-12-31 | $4.67 Billion | +21.23% |
| 2017-12-31 | $3.85 Billion | +25.60% |
| 2016-12-31 | $3.07 Billion | +41.10% |
| 2015-12-31 | $2.17 Billion | +108.54% |
| 2014-12-31 | $1.04 Billion | +35.64% |
| 2013-12-31 | $767.92 Million | +278.39% |
| 2012-12-31 | $202.94 Million | +128.72% |
| 2011-12-31 | $88.73 Million | +104.46% |
| 2010-12-31 | $43.40 Million | +87.55% |
| 2009-12-31 | $23.14 Million | +441.01% |
| 2008-12-31 | $4.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grand City Properties S.A'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 344406300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.44 Billion | 70.11% |
| Common Stock | $17.62 Million | 0.36% |
| Other Comprehensive Income | $1.13 Billion | 23.00% |
| Other Components | $320.94 Million | 6.53% |
| Total Equity | $4.91 Billion | 100.00% |
Grand City Properties S.A Competitors by Market Cap
The table below lists competitors of Grand City Properties S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hosiden Corporation
F:HOD
|
$702.46 Million |
|
Fujian Guanfu Modern Household Wares Co Ltd
SHE:002102
|
$702.75 Million |
|
Man Wah Holdings Limited
F:AAM
|
$703.07 Million |
|
Surgery Partners Inc
NASDAQ:SGRY
|
$703.09 Million |
|
Hainan Haiyao Co Ltd
SHE:000566
|
$702.18 Million |
|
Baticim Bati Anadolu Cimento Sanayi AS
IS:BTCIM
|
$701.78 Million |
|
Shenzhen Chuangyitong Technology Co.Ltd.
SHE:300991
|
$701.67 Million |
|
Santacruz Silv
V:SCZ
|
$701.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grand City Properties S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,714,320,000 to 4,912,645,000, a change of 198,325,000 (4.2%).
- Net income of 238,988,000 contributed positively to equity growth.
- New share issuances of 43,475,000 increased equity.
- Other comprehensive income increased equity by 1,192,585,000.
- Other factors decreased equity by 1,276,723,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $238.99 Million | +4.86% |
| Share Issuances | $43.48 Million | +0.88% |
| Other Comprehensive Income | $1.19 Billion | +24.28% |
| Other Changes | $-1.28 Billion | -25.99% |
| Total Change | $- | 4.21% |
Book Value vs Market Value Analysis
This analysis compares Grand City Properties S.A'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: 0.37x
- 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 130.63x to 0.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $0.08 | $10.50 | x |
| 2009-12-31 | $0.43 | $10.50 | x |
| 2010-12-31 | $0.82 | $10.50 | x |
| 2011-12-31 | $1.76 | $10.50 | x |
| 2012-12-31 | $4.19 | $10.50 | x |
| 2013-12-31 | $9.26 | $10.50 | x |
| 2014-12-31 | $7.02 | $10.50 | x |
| 2015-12-31 | $13.84 | $10.50 | x |
| 2016-12-31 | $17.07 | $10.50 | x |
| 2017-12-31 | $19.74 | $10.50 | x |
| 2018-12-31 | $23.89 | $10.50 | x |
| 2019-12-31 | $25.30 | $10.50 | x |
| 2020-12-31 | $27.66 | $10.50 | x |
| 2021-12-31 | $28.57 | $10.50 | x |
| 2022-12-31 | $30.59 | $10.50 | x |
| 2023-12-31 | $27.35 | $10.50 | x |
| 2024-12-31 | $28.42 | $10.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grand City Properties S.A 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): 4.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 56.54%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 2.28x
- Recent ROE (4.86%) is below the historical average (24.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 100.02% | 252.99% | 0.09x | 4.29x | $3.62 Million |
| 2009 | 13.61% | 96.70% | 0.05x | 2.93x | $778.30K |
| 2010 | 46.92% | 184.67% | 0.05x | 4.87x | $15.12 Million |
| 2011 | 63.17% | 210.54% | 0.09x | 3.27x | $46.79 Million |
| 2012 | 44.41% | 136.70% | 0.11x | 3.01x | $63.41 Million |
| 2013 | 32.10% | 133.43% | 0.10x | 2.34x | $155.78 Million |
| 2014 | 21.62% | 88.80% | 0.09x | 2.76x | $110.48 Million |
| 2015 | 16.94% | 103.13% | 0.07x | 2.31x | $140.93 Million |
| 2016 | 18.99% | 123.08% | 0.07x | 2.15x | $257.98 Million |
| 2017 | 15.34% | 107.59% | 0.07x | 2.15x | $186.05 Million |
| 2018 | 11.48% | 89.62% | 0.06x | 2.08x | $62.88 Million |
| 2019 | 9.00% | 72.63% | 0.06x | 2.18x | $-45.32 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% | -84.54% | 0.06x | 2.32x | $-985.24 Million |
| 2024 | 4.86% | 56.54% | 0.04x | 2.28x | $-252.28 Million |
Industry Comparison
This section compares Grand City Properties S.A's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $860,434,363
- Average return on equity (ROE) among peers: -17.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grand City Properties S.A (GRNNF) | $7.67 Billion | 100.02% | 0.72x | $702.33 Million |
| Aroundtown SA (AANNF) | $2.43 Billion | 28.32% | 0.83x | $1.42 Billion |
| AAP Inc (AAPJ) | $-1.00 Million | 0.00% | 0.00x | $1.97 |
| Ambase Corp (ABCP) | $-4.12 Million | 0.00% | 0.00x | $6.43 Million |
| Americann Inc (ACAN) | $1.31 Million | -131.48% | 2.04x | $2.44K |
| Ascendas India Trust (ACNDF) | $1.32 Billion | 9.88% | 1.00x | $831.45 Million |
| Adler Group S.A (ADPPF) | $2.20 Billion | 17.61% | 0.90x | $41.80 Million |
| Agritek Holdings Inc (AGTK) | $487.65K | -21.43% | -0.50x | $5.39K |
| reAlpha Tech Corp. Common Stock (AIRE) | $13.17 Million | -41.42% | 0.60x | $32.30 Million |
| Avalon GloboCare Corp. (ALBT) | $7.31 Million | -47.40% | 0.73x | $2.25 Million |
| Allreal (ALRHF) | $2.64 Billion | 8.00% | 1.23x | $2.39 Billion |