EUCMF - Eurocommerical Properties: Simply A Bargain At 0.22x Net Assets And Normalised Dividend Of 20+ Percent
- ECMPA is trading at a mere 0.22x net assets.
- The fears are unfounded. It is a well run, top tier European REIT.
- The bear narrative is that assets are grossly overstated on the balance sheet.
- Evidence suggests otherwise.
- The dividend at 20+ percent yield is covered but may be "suspended" out of abundant caution.
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Eurocommerical Properties: Simply A Bargain At 0.22x Net Assets And Normalised Dividend Of 20+ Percent