ENXTPA:AREITReal Estate
Altareit (ENXTPA:AREIT) Stock Price Flat As Losses Keep Pressure On
Altareit’s share price has barely moved over the past week, yet the latest half year numbers confront investors with the same uncomfortable question. How much patience is left for a stock that still trades on a low 0.5x price to sales multiple while posting another loss in the tens of millions of euro.
The headline this time is not revenue. It is the strain from continued losses and weak debt coverage sitting on a highly discounted valuation. Today’s flat reaction looks more like a pause...