TASE:AZRTResidential REITs
Reit Azorim H.F Living (TASE:AZRT) Profit Rebound Leans On One Off Gain
Reit Azorim - H.F Living entered this Q2 print with both a premium story and a fragile one. The stock trades on a P/E of 24.9x while earnings cover for interest remains thin and the past five years show a steep earnings decline. The headline this quarter is simple. Profitability on the trailing 12 months looks far healthier on paper, helped by a ₪34.5m one off gain, but that does little to ease concerns about balance sheet strain and the price tag investors are still asked to pay.
Is Reit...