ENXTPA:LIRetail REITs
Klépierre (ENXTPA:LI) Stock Screens Cheap As Rental Growth Holds Firm
Klépierre came into this earnings season looking like a value play, with the stock on a P/E of 8.3 and trading at €39.34, well below some intrinsic value estimates. The headline from H1 is simple: the business is generating profitable rent and cash flow, supported by an 86.7% EBITDA margin and net rental income of €571.9m. However, the market still prices the stock as if that strength might not last.
For you as a shareholder or potential buyer, the key point is the gap between that strong...