Immofinanz AG: Potential After Buwog's Spin-Off?
- Immofinanz is an Austrian real estate company with assets in Austria, Germany and Eastern Europe.
- Its activity can be divided in two main segments: residential and commercial properties.
- Due to the different risk/return-profiles of this classes a spin-off of the housing properties is planned.
- Currently trading at a P/B of 0.7, I expect an increase in the stock price of at least 20% after the spin-off.