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.