Eastnine: Window shopping in Poland - ABG

We visited Poland with Eastnine last week
~EUR 200m to spend on acquisitions...
...which could lower ’24e P/CEPS to 11x (45% discount to the sector)


Ready to light the fuse on EUR 200m dry powder

After receiving ~SEK 1.7bn in Q3’23 from its divestment of Russian fashion retailer MFG, Eastnine currently has ~EUR 200m to spend on property acquisitions. This is a material amount, especially compared with Eastnine's current property value of ~EUR 600m. The company has made it clear that it will be deploying capital in Poland, and last week, ABGSC, among others, was invited for a two-day tour of investment opportunities in Warsaw and Poznan.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/eastnine/Equity-research/2024/5/eastnine---window-shopping-in-poland/