Discounted's Real Estate Diamond Shines Again: Does Gav-Yam Still Have Room to Climb?
Four years after Discount Investment Corporation (Discounted) purchased Aharon Frenkel's shares, Gav-Yam has surpassed the deal price and is trading at a value of nearly NIS 10 billion. Alongside growth in results, large investments, and…
Assessment
Gav Yam's share price has finally surpassed the level at which Discount Investment Corporation bought control from Aharon Frenkel four years ago, validating that deal. The company now trades at nearly NIS 10 billion, but the slow leasing of its flagship ToHa2 towers raises a real question about whether future growth is already priced in. Investors should watch occupancy rates at ToHa2 closely, as that will determine whether the stock can justify its current valuation or has peaked.