Grand City Properties S A : H1 2022 Interim Consolidated Financial Statements

Leipzig CONDENSED2022INTERIM CONSOLIDATED FINANCIAL STATEMENTS

For the six-month period ended June 30, 2022

Berlin

CONTENTS

Board of Directors' Report	2
Condensed interim consolidated financial statements
Condensed interim consolidated statement of profit or loss	32
Condensed interim consolidated statement of comprehensive income	33
Condensed interim consolidated statement of financial position	34
Condensed interim consolidated statement of changes in equity	36
Condensed interim consolidated statement of cash flows	38
Condensed notes to the interim consolidated financial statements	40

IMPRINT

Grand City Properties S.A. | 40, Rue du Curé | L-1368 Luxembourg [phone] | e-mail: [e-mail] | www.grandcityproperties.com

KEY FINANCIALS

BALANCE SHEET HIGHLIGHTS

in €'000 unless		Jun 2022		Change		Dec 2021
otherwise indicated
Total Assets		11,305,789		-2%		11,561,992
Investment Property		9,800,622		5%		9,339,489
Total Equity		5,984,855		3%		5,802,586
Loan-to-Value		35%		-1%		36%
Equity Ratio		53%		3%		50%

P&L HIGHLIGHTS

in €'000 unless		6M 2022		Change		6M 2021
otherwise indicated
Net Rental Income	194,586	6%	183,131
Adjusted EBITDA	152,264	3%	147,410
FFO I	97,155	3%	94,232
FFO I per share (in €)	0.59	5%	0.56
EBITDA	385,418	17%	328,404
Profit for the period	233,892	49%	157,084

in €'000 unless otherwise indicated

Jun 2022

Jun 2022 per share (in €)

Per share growth (dividend adjusted)

Per share growth

Dec 2021

Dec 2021 per share (in €)

NAV HIGHLIGHTS

	EPRA NRV		EPRA NTA		EPRA NDV
	5,442,680		5,233,687		4,482,346
	31.8		30.6		26.2
	3%		3%		16%
	0%		1%		12%
	5,228,882		5,020,190		3,853,263
	31.7		30.4		23.3

EPS (basic) (in €)	1.21	68%	0.72
EPS (diluted) (in €)	1.17	72%	0.68

2		GRAND CITY PROPERTIES S.A. ■ Board of Directors' Report

Cologne

GRAND CITY PROPERTIES S.A. ■ Board of Directors' Report		3