BALDF - Fastighets AB Balder: Resilient Operating Performance And Discounted Valuation

2024-04-20 08:00:00 ET

Summary

• Fastighets Balder continues to trade at a discounted valuation despite resilient operating performance.
• Balder's property portfolio value declined in 2023 due to rising interest rates, but rental income and occupancy rate remained stable.
• Balder's focus on balance sheet deleveraging and lower capital expenditures indicate a priority on strengthening its financial position.

Fastighets Balder ( OTC:BALDF ) continues to trade at a discounted valuation, which seems to be undemanding considering the resilient operating performance reported in recent quarters....

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