EUCMF News and Press, Eurocommercial Property NV NLDR From 07/26/19

Two weeks after my article on Atrium European Real Estate ( ATRBF ), Gazit Globe ( GZTGF ), already the majority shareholder since 2008, announced it is buying up the remaining 40% stake in the business. The deal, expected to close on January 2nd, 2020, values Atrium at EUR 3.75 per share,...

Introduction In the previous edition of the Nest Egg Portfolio, I explained why I was selling Hibernia REIT ( OTCPK:HIBRF ) . The Irish REIT has done everything right, but when I see offices being valued based on a net initial rental yield of 3.6%, I prefer to redeploy the capital els...

Introduction Although the Mediterranean temperatures are currently covering most of the European continent, in this week’s edition of Focus on Europe, we are going to Italy to check up on Buzzi Unicem ( BZZUF ) ( BZZUY ) , a cement and concrete company controlled and ruled by the B...

Introduction Although the Mediterranean temperatures are currently covering most of the European continent, in this week’s edition of Focus on Europe, we are going to Italy to check up on Buzzi Unicem ( BZZUF ) ( BZZUY ) , a cement and concrete company controlled and ruled by the B...

Introduction The commercial REITs in Europe have been hit hard lately as even the ones focusing on high-quality malls and tenants like Klépierre ( OTCPK:KLPEF ) and Eurocommercial Properties ( OTC:EUCMF ) have seen their share prices come under pressure. In these two cases, I fe...

Introduction In this edition of the Nest Egg Portfolio, we will have another look at Wereldhave ( OTC:WRDEF ) whose share price remains under severe pressure despite having exited the Finnish commercial real estate market by selling its asset. The balance sheet was strengthened with the ...

Introduction In this edition of the Nest Egg Portfolio, we will have another look at BT Group ( BT ) , which still seems to be under pressure. We are still waiting for the company’s full-year results, which should be out in a few months, but let’s use its 9M overview to keep...

Introduction Last year, I warned for Intu Properties’ ( OTCPK:CCRGF ) capital allocation method as about 55% of its rental income had to be spent on making the interest payments on its debt. An unsustainable situation and after two recent potential deals to sell the company fell...

Introduction I like real estate. But I only like REIT’s when they are trading at attractive valuations. About six months ago I warned for complacency at Eurocommercial Properties ( OTC:EUCMF ) as although the property valuations do make sense in the current investment climate,...