ASX:GDIOffice REITs
GDI Property Group (ASX:GDI) Shares Face A Cash Coverage Squeeze
GDI Property Group’s share price closed at A$0.665, only slightly higher over the past week and month, even though the latest earnings put one issue in sharp focus. The story is not revenue or earnings per share. It is the strain between funds from operations and the cash needed to service debt and maintain distributions.
Investors are looking at a stock that appears inexpensive relative to some valuation work, while net profit margins sit near 1.6% and earnings coverage of the 7.52% yield...