Gazit Globe Outlook
Gazit Globe, Commercial Real Estate Company
Almost all of company's assets are commercial, offices, which got the most hit during the pandemic.
₪9.4B debt in bonds, ₪1.37B should be paid up to 2022.
2019 net profit was ₪800M, but 2020 Q2-4 expected to be significantly less, ability to maintain debt payments is a major risk.
Stock needs to find a bottom before we can go in, if at all - there's a major risk of not being able to pay debt.
Almost all of company's assets are commercial, offices, which got the most hit during the pandemic.
₪9.4B debt in bonds, ₪1.37B should be paid up to 2022.
2019 net profit was ₪800M, but 2020 Q2-4 expected to be significantly less, ability to maintain debt payments is a major risk.
Stock needs to find a bottom before we can go in, if at all - there's a major risk of not being able to pay debt.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.