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1 Comment
Sun Residential Real Estate Investment Trust is currently in a long term downtrend where the price is trading 7.9% below its 200 day moving average.
From a valuation standpoint, the stock is 758.7% more expensive than other stocks from the sector with a price to sales ratio of 3.0.
Based on the above factors, Sun Residential Real Estate Investment Trust gets an overall score of 0/5.
| Industry | REIT-Residential |
|---|---|
| Sector | Real Estate |
| ISIN | None |
| CurrencyCode | CAD |
| Exchange | V |
| Market Cap | 15M |
|---|---|
| Beta | 0.46 |
| Dividend Yield | 0.0% |
| Target Price | None |
| PE Ratio | 3.75 |
Sun Residential Real Estate Investment Trust is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust dated January 22, 2019, which was amended and restated on March 22, 2019. The business of Sun is to acquire multi-family residential properties in the Sunbelt region of the United States. Its business operations commenced on January 28, 2020, when it completed a financing and concurrently acquired a 51% interest in a multi-family residential property comprising 12 buildings with 288 rental units as well as various amenities for tenants located in Tallahassee, Florida.
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