Added to YB: 2024-04-19
Pitch date: 2024-04-17
PSDL.L [bullish]
Phoenix Spree Deutschland Limited
+18.31%
current return
Author Info
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Company Info
The Company is a public limited company incorporated in Jersey, Channel Islands under the Companies (Jersey) Law 1991 (as amended).
Market Cap
GBP 174.4M
Pitch Price
GBP 1.42
Price Target
N/A
Dividend
N/A
EV/EBITDA
46.09
P/E
-4.48
EV/Sales
14.12
Sector
Real Estate Management and Development
Category
value
Issue#4: A wholesale business and Berlin property - Phoenix Spree Deutschland Limited
PSDL.L: Berlin residential RE firm w/ 2,477 units. Despite falling values, shortage driving rent growth. FY23 new lets €13.7/sqm (+5.9% YoY), 31% above €10.4/sqm in-place rent (+4.1% LFL). May '24 rent table to support more growth. -54% disc to NAV. Liquidation potential.
Read full article (1 min)