GTC H1 2026 slides: operations improve as leverage climbs
GTC S.A., a Central European property company, released its first-half 2026 financial results on August 28, 2026. Despite solid operational improvements, the company faced intensifying balance sheet pressures. Rental revenue rose 5% year-over-year to €106.3 million, while adjusted EBITDA grew 11% to €63.1 million. However, the loan-to-value ratio climbed to 58.7% from 57.0% at the end of 2025, signaling higher net debt.
The company reported €16.9 million in funds from operations, or €0.03 per share. GTC's portfolio, valued at €2.7 billion, is primarily located in EU countries, with 99% of its commercial assets certified as green. The company aims to position itself as a sustainable real estate platform, though asset disposals are crucial for its deleveraging strategy.
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