TASE:SLARLREITs
Sella Capital Real Estate (TASE:SLARL) Stock Cools As Recurring Profit Weakens
The market has been steadily marking Sella Capital Real Estate down in recent months, with the stock closing at ₪8.301 after a run of weaker returns. That cool sentiment now meets an earnings print built around one issue: profit quality. Quarterly net income sits at ₪50 million against relatively steady revenue, while the last year still carries the distortion of a ₪90.2 million one off gain.
For a real estate income vehicle that investors often judge on recurring cash earnings, that split...