First Berlin Cuts Grand City Properties Price Target to EUR 12.80 From EUR 14.80
Bitget2026/10/23 09:45- First Berlin Equity Research cut Grand City Properties' price target to EUR 12.80 from EUR 14.80 on October 23, 2026.
- Analyst Ellis Acklin maintained a Buy rating; the revised 12-month target implies 77% upside.
- The target reduction reflects higher German 10-year bond yields incorporated into the firm's discounted cash flow model.
- GCP acquired a 20.04% stake in LEG Immobilien; management expects approximately 30% pro-rata FFO accretion.
- LEG offers an FFO yield above 13%; First Berlin views the earnings uplift as sufficient to justify reduced liquidity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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