About
About Sun Residential Real Estate Investment Trust
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. The business of Sun is to acquire and operate multi-family residential properties located in the Sunbelt region of the United States. Our business operations commenced on January 28, 2020, when we completed a financing and concurrently acquired a 51% interest in Evergreen at Southwood, a "Class A" multi-family residential property located in Tallahassee, Florida comprising 12 buildings with 288 rental units. In June 2023, we acquired our second property, 4815 Tudor Drive, an 8-unit multi-family property located in Cape Coral, Florida.
Visit company website
5 years, 5 months ago
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.