Melisron Limited MLSR

Melisron has delivered a strong 3 year share price run, and that kind of gain naturally raises the question of whether the current price is still aligned with the earnings power of the business. With the stock last closing at ₪405.00, the real issue for you is how much of the company’s profit story is already reflected in that figure. Melisron shares have gained 80.8% over the past 3 years, which puts real pressure on the earnings to justify the re-rating that has already happened. The...

By Tom Kerr, CFA TASE: MLSR.TA READ THE FULL MLSR.TA RESEARCH REPORT Melisron (TASE: MLSR.TA) is Israel's largest mall owner/operator with a NIS 25.8 billion income-producing portfolio spanning malls, offices, and residential development across 909 thousand sqm. Total managed area is 1,067,000 sqm, and total managed asset value is ~NIS 29.6 bn. The company has multiple projects under development