RE:RE:superficial analysis Morguard North American Residential
is really cheap yes. Great numbers. Its not selfmanaged, and I guess sleeping under the wings off a giant. Im not sure if the fees they charge are fair. But it seems unfairly cheap. Good dividend and buybacks. Low payout. Funny enough they also have an average caprate off 4,5%.
I could buy this one too. But I prefer a selfmanaged reit.