TASE:RANIReal Estate
Rani Zim Shopping Centers (TASE:RANI) Stock Cheap Or Distorted By One Off Gain?
Rani Zim Shopping Centers stock came into this earnings print looking cheap on the surface, with a trailing P/E of 9.3x against peer and industry averages above 11x and a market price of ₪4.61 that sits well below a stated cash flow value of ₪11.17. That kind of gap often feeds bullish emotion. The Q2 numbers tell a colder story. Net profit margin over the last year is 30.3% compared with 38.5% a year earlier, and a heavy ₪83.4m one off gain still hangs over earnings quality.
Is Rani Zim...