Added to YB: 2024-11-28
Pitch date: 2024-11-27
SRES.V [neutral]
Sun Residential Real Estate Investment Trust
+117.51%
current return
Author Info
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Company Info
Sun Residential Real Estate Investment Trust is an unincorporated open-ended real estate investment trust governed by the laws of the Province of Ontario and established pursuant to a declaration of trust dated January 22, 2019, as amended and restated on March 22, 2019 and November 4, 2020.
Market Cap
CAD 15.0M
Pitch Price
CAD 0.05
Price Target
N/A
Dividend
3.80%
Sector
Residential REITs
Category
dividend
A Nanocap REIT trading at 0.37x P/B with a 8.4% Dividend Yield - Sun Residential Real Estate Investment Trust
SRES.V (monitoring): Tiny Canadian REIT w/ 2 FL properties. 0.38x P/B, 11.3x P/AFFO, 8.4% yield. Evergreen at 98% occ, 51.7% NOI margin. Tudor Dr renovation ongoing. $31.4M 3.52% IO mortgage due 2029. Risks: hurricanes, dilution. Cheap but illiquid. Watch for Tudor Dr completion.
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