Grand City Properties S.A. (GRDDY) Q2 2026 Earnings Call Transcript

SA Transcripts 161.79K Followers Follow Grand City Properties S.A. ( GRDDY ) Q2 2026 Earnings Call August 12, 2026 4:00 AM EDT Company Participants Christian Windfuhr - Executive Chairman of the Board Refael Zamir - CEO & Member of Management Board Idan Hadad - CFO & Member of Management Board Michael Bar-Yosef Conference Call Participants Kai Klose - Joh. Berenberg, Gossler & Co. KG, Research Division Edward Acklin - First Berlin Equity Research GmbH Neeraj Kumar - Barclays Bank PLC, Research Division Manuel Martin - ODDO BHF Corporate & Markets, Research Division Presentation Unknown Executive Good morning, and thank you for joining us for Grand City's results call for the first half of 2026. You can view this presentation on Grand City's website, either on the Home section or under Financial Reports of the Investor Relations section. With me today will be Chairman and Director, Christian Windfuhr; CEO, Refael Zamir; CFO, Idan Hadad; and CMO, Michael Bar-Yosef. [Operator Instructions] The e-mail address is [email protected]. With that, I would like to hand you over to Christian to start with the presentation. Christian Windfuhr Executive Chairman of the Board Good morning, and welcome to our H1 2026 results presentation. We are pleased to present a solid set of results for the first half of 2026, reflecting another period of strong operational performance. The economic environment continues to be shaped by ongoing geopolitical developments, including the situation in the Middle East, which create ongoing volatility in financial markets. Our portfolio locations benefit from strong fundamentals, and we do not observe a material impact on our operations. We also continue to monitor capital markets and interest rates closely. While these have been impacted, our bond spreads have remained mostly stable and both capital and transaction markets have stayed open, giving us comfort that the current environment is not creating any significant disruption to our access to liquidity