First Berlin Cuts Grand City Properties Price Target to EUR 12.80 From EUR 14.80

• 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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grand City Properties SA published the original content used to generate this news brief via EQS News (Ref. ID: rc_27166) on October 23, 2026, and is solely responsible for the information contained therein.