Professional
Added to YB: 2025-04-03
Pitch date: 2025-04-01
NRR-UN.TO [bullish]
Northview Residential REIT
+18.96%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
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Company Info
Northview Residential REIT is a real estate investment trust amended and restated most recently on August 21, 2023.
Show full summary:
Reflection on some top real estate ideas - Northview Residential REIT
NRR-UN.TO (holding overview): Northern Canada-focused REIT, 7.3% yield, 70% AFFO payout. Record occupancy, NOI growth, 32% NAV discount. Trades at $140k/door vs $400k replacement cost. Govt-backed rentals, high entry barriers. Selling non-core assets at/above NAV to deleverage. Insider buying, potential buyout by consortium.
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