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WRDEF - Immobel: A Vastly Growing REIT That Trades At A P/E Of Less Than 10
Wereldhave Nv
On the 25th of June 2019, Immobel, the largest listed Belgian property developer, stated that chairman Marnix Galle would become its new CEO from the 30th of June 2019 on. While this came as a surprise, investors should applaud this decision. In fact, they did. Today, not even two months later, the stock is up more than 15%. And yet, the company is heavily undervalued.
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Short History
Immobel is the oldest listed company on the Belgian