SWX:SFPNReal Estate
SF Urban Properties (SWX:SFPN) Stock Confronts Thin Interest Cover And One Off Profits
SF Urban Properties stock closed at CHF101.50, roughly flat over the past week and quarter. This comes even as the latest half year results ask investors to rethink the story. The headline is not the income statement. It is the pressure point on the balance sheet, where weak interest coverage and a dividend that is not well supported by free cash flow keep a lid on enthusiasm.
The market reaction so far looks calm. That calm sits against a backdrop of high trailing margins helped by a large...