ENXTPA:ARGIndustrial REITs
Argan (ENXTPA:ARG) Valuation Check After New Lease Secures Full Logistics Portfolio Occupancy
Argan (ENXTPA:ARG) has just secured a nine year lease with JS Logistics for 32,000 sq.m at its Le Coudray Montceaux site, bringing its roughly 4 million sq.m warehouse portfolio back to full occupancy.
See our latest analysis for Argan.
The lease news lands after a mixed run in the share price, with Argan’s latest €63.8 level sitting alongside a 7 day share price return of 4.78% decline and a 90 day gain of 1.92%. The 1 year total shareholder return of 6.34% contrasts with weaker 3 and 5 year...