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Eco with surcharge above Austrian average
"Since the Austrian real estate companies with an average of four to five percent return on equity do not currently earn their cost of equity, an evaluation of net asset value is not justified in not justified in our opinion."
Eco with surcharge above Austrian average / Picture: © Eco Business Immobilien AG
“Erste Group” analyst Günther Artner explains the problem: "Since the Austrian real estate companies with an average of four to five percent return on equity do not currently earn their cost of equity, an evaluation of net asset value is not justified in our opinion."
What is striking, Immofinanz and Co only note about half of their intrinsic value, internationally, the…
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