GAZIT GLOBE (GZT):  A Quality Global Shopping Center REIT That Is Reasonably Priced

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About: Gazit Globe Ltd (GZTGF)
by: Robert Lewis
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Robert Lewis
Deep Value, micro-cap, closed-end funds, long only
Summary

This REIT sells at about 55% of its fair value while paying a 4.5% dividend yield.

It owns quality grocery store anchored shopping centers in densely populated urban areas which can withstand and survive in our present online environment.

GZT offers global diversification, with investments in Canada, Central and Northern Europe, Brazil and Israel.

Their assets are divided into mature, mid-stage and developing investments, with large minority ownership in existing publicly held companies.

Gazit Globe (GZT) is a retail shopping center REIT which is globally diversified with properties in the United States (21%), Canada (20%), Central European countries (22%), Nordic countries (17%), Brazil (8%) and Israel (12%). Through