ENXTPA:FREYRetail REITs
Frey (ENXTPA:FREY) Revenue Jumps While One Off Gains Cloud Profit Quality
Frey’s stock went into this earnings print treading water, roughly flat over the past week and only slightly lower over the past month. However, the real story sits in the profit engine. The headline today is margin. Trailing net profit margin stands at 33.2%, up from 21.4% a year earlier, helped by a one off gain of €49.9m that flatters recent earnings.
The question for investors now is whether this higher profitability looks sustainable for a retail REIT with weak interest coverage, or...