Globalworth is a real estate company that acquires, develops and manages commercial real estate assets, mainly in the office sector across the Central and Eastern European (CEE) region, with a geographical focus in Poland and Romania. The company’s portfolio mainly consists of Class-A office buildings, with the rest of the portfolio comprising mixed-use (office and commercial), logistics and light-industrial properties. Currently, Globalworth’s portfolio value is around EUR3.2 billion with 85.6% standing commercial occupancy.
Globalworth Real Estate Investments: New addition
London-listed Globalworth Real Estate Investments is the new addition to our global portfolio, replacing Denso Corp which outperformed the benchmark Nikkei 225 with 39.7% returns compared to 24.1% returns. Globalworth currently trades at EUR2.77 ($4.08) and we think the company is significantly undervalued. The intrinsic value of the company is roughly 35% above its current price based on our in-house valuations. Globalworth was also featured in our recent list of top 10 property stocks (see Issue 1083) and we believe this is the most undervalued real estate stock among the lot.
