SWX:VARNReal Estate
Varia US Properties (SWX:VARN) Stock Confronts Losses As FFO Turns Negative
Varia US Properties slipped 0.4% over the past week and is roughly 8% lower over three months. Today’s Q2 release, however, pushes you to think beyond the ticker. The headline is a continued loss on the income statement alongside pressure on funds from operations, with trailing 12 month FFO in negative territory at about US$1.7 million.
The short term story is a stock that screens cheaply on sales multiples. The longer term question is whether recurring cash flow can catch up with that...