TASE:GCTReal Estate
G City (TASE:GCT) Stock Faces Earnings Quality Questions After One Off Gain
G City traders have watched a choppy share price over the past month, with the stock down about 18% over 30 days and up roughly 10% over the past week, and then came a quarter that put earnings quality back in the spotlight. The headline is simple. The company is now profitable on a trailing basis, but that picture is flattered by a one off gain of ₪187.0m that feeds straight into earnings per share and the current P/E of 11.2x.
For a property group where Funds From Operations, or FFO,...