About Grand City Properties S.A. (GRDDY) — Dividend Analysis 2026
Grand City Properties S.A. engages in the residential real estate business in Germany, the United Kingdom, and internationally. The company invests in, manages, and rents real estate properties in North Rhine-Westphalia and Berlin; metropolitan regions of Dresden, Leipzig, and Halle; and the cities in the north of Germany, Bremen, Hamburg, and Hannover, as well as other urban centers, such as Nuremberg, Munch, Mannheim, Frankfurt, and London. Grand City Properties S.A. was founded in 2004 and is based in Luxembourg.
Is GRDDY a good dividend investment in 2026?
GRDDY offers a 15.12% forward yield with a 50% payout ratio. Strand Safety Score: 60/100 (Moderate Risk). The 5-year dividend CAGR of -50% is modest — investors should weigh current income against growth alternatives.
GRDDY DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your GRDDY portfolio grows to $31.2K vs $29.1K without reinvestment. This is the compound interest effect in action.
GRDDY dividend growth history & forecast
GRDDY has grown its dividend by 0% over the last year and -50% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 15.12%.
FCF ($278M) is below dividends paid ($352M) — risk of cut (FCF: $278M · Dividends est.: $352M)
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.5B → +0.2B → -0.5B
30 / 30 pts
30/30
Net income grew for 2 consecutive years — strong earnings momentum
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
60
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 GRDDY Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold GRDDY.
Gross yield
15.12%
Tax rate
15.00%
After-tax yield
12.85%
Real yield (−CPI)
10.05%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
15.12%
12.32%
$1,512 / yr
🇺🇸 US Taxable (15%) ✓
15%
12.85%
10.05%
$1,285 / yr
🇺🇸 US Taxable (20%)
20%
12.10%
9.30%
$1,210 / yr
🇬🇧 UK ISA
0%
15.12%
12.32%
$1,512 / yr
🇬🇧 UK Taxable
8.75%
13.80%
11.00%
$1,380 / yr
🇨🇦 TFSA
0%
15.12%
12.32%
$1,512 / yr
🇨🇦 CA Taxable
25%
11.34%
8.54%
$1,134 / yr
🇦🇺 Super (pension)
15%
12.85%
10.05%
$1,285 / yr
🇦🇺 AU Taxable
30%
10.58%
7.78%
$1,058 / yr
🇩🇪 DE Taxable
26.375%
11.13%
8.33%
$1,113 / yr
🇫🇷 FR Taxable
30%
10.58%
7.78%
$1,058 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 GRDDY Income Goal & Break-Even
Dividend Break-Even
50yr+
Years for dividends to fully repay your GRDDY investment of $13.23/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$1.3K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$-1139.85
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in GRDDY for:
Shares needed
14,118
Capital required
$186,781
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 GRDDY Dividend Payment Schedule
GRDDY pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.25 / payment
$17.00 / year after tax
100 shares
$42.50 / payment
$170.00 / year after tax
1,000 shares
$425.00 / payment
$1700.00 / year after tax
📊 GRDDY vs Real Estate Benchmarks
How GRDDY compares to typical Real Estate averages.
Benchmark: Real Estate
Dividend Yield▲+9.92% vs sectorBetter
GRDDY
15.12%
avg
5.20%
5Y Dividend CAGR▼-54.10% vs sectorBelow avg
GRDDY
-50.00%
avg
4.10%
Payout Ratio▲-28.00% vs sectorBetter
GRDDY
50.00%
avg
78.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for GRDDY sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ GRDDY Insider Activity
No recent SEC filings reported in the last 90 days.
🔬
Financial Health Scores
Altman Z-Score
1.01
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
4/9
⚠️ Moderate fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the GRDDY dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →