Oryx Properties delivers resilient performance amid market undervaluation
By: Hertha Ekandjo Oryx Properties Limited delivered a resilient interim performance, driven by rental escalations, record-low vacancies, and disciplined capital allocation. In a recent Simonis Storms report it has been recorded that despite a decline in headline earnings due to the absence of once-off income, distributions increased, and gearing improved to 36.1%. “However, the market still undervalues Oryx, with the share price trading at a 47.4% discount to NAV, presenting […]