XTRA:LEGReal Estate
LEG Immobilien (XTRA:LEG) Stock Hinges On Rental Strength And Leverage Discipline
LEG Immobilien walked into this earnings day with a stock that has drifted lower for months, down roughly 10% over 90 days, and a reputation as a deeply discounted German residential landlord on just 3.1x trailing P/E. The headline today is not a blowout profit line. It is that management delivered first half funds from operations and adjusted earnings in line with guidance, kept the adjusted EBITDA margin close to 78% and openly doubled down on balance sheet discipline.
For a stock priced...