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Bullboard - Stock Discussion Forum Sun Residential Real Estate Investment T V.SRES

Sun is a real estate investment trust focused on acquiring high-quality, multi-family residential real estate assets in the Sunbelt region of the United States, the first of which is a recently acquired controlling interest by Sun in a 288-unit multi-family residential property in Tallahassee, Florida. Through its acquisition program and the veteran expertise of its trustees and officers, Sun's strategy is designed to deliver long-term, secure income with additional potential for capital...

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RE:What am I missing...

Last results are fine ,but no growth for this company ,no liquidity for market and if they don't buy real estate and no plan for growth, they should pay distribution ( common for REIT)  rate and reply

What am I missing...

Positive EPS,  a clean balance sheet, price to book less than 1.  Been watching since the IPO and was concerned about the business they were in but they've got a proven model. more

Solid Management

The management team here is solid. Once they resume acquisition, there would be lots of growth from the leverage investment.  rate and reply

Strong buy here

Market cap of $11million and they own more than $11million in properties.  P/E=3   too cheap to ignore.  Good revenues and rental market keeps going up.  Property values more

Photos of SRES Florida Property

Evergreen at Southwood Apartments - 2221 Orange Ave E, Tallahassee, FL, 32311 |®  rate and reply

Property Address is: 2221 Orange Ave. East, Tallahassee, Fl

Correction: Address is 2221 Orange Ave. East, Tallahassee, Florida. SRES owns 51% of this twelve buildings property, 3 to 4 floors each with 288 units.  rate and reply

Main Property Address is in a Solid Location

Near 2 major universities with 70,000 student population. Address: 2203 Orange Avenue, tallahassee, florida twelve 3 to 4 level buildings with 288 units.  Owns 51%.  rate and reply

Morningstar Recent Report Fair Value is 0.12 cents

Strong buy  rate and reply

RE:First purchase

Put another bids for purchase 0.05 $- 0.045$ and will buy more every 0.005$ decline  rate and reply

Billionaire Daniel Argiros is a Shareholder of SRES

Daniel Argiros Acquired Trust Units of Sun Residential Real Estate Investment Trust in 2020. Toronto, Ontario--(Newsfile Corp. - January 30, 2020) - On January 28, 2020, Sun Residential Real more

Bought 2 Million Shares Today at 0.055

Will buy more if it drops to 5 cents. The selloff was mainly from Industrial Alliance. Likely an institution that bought at 0.115 in the private placement and wants to sell for tax loss.  rate and reply

First purchase

Start position today with 0.055 $ , they are selling around 50% off from Book Value Last quarter results are great ,D/GBV 50%,occupancy 99%,revenue goes up  rate and reply

RE:RE:Anyone Following?

Thanks for your insights Kman.  I agree they are better served acquiring assets then distributions. Curious to see what happens over the next few quarters.  rate and reply

RE:Anyone Following?

I bought into this recently and had an email exchange with the CEO.  Looks like they are in a holding pattern until a new property is identified for purchase. They want to grow more

Anyone Following?

Hello, I've recently acquired a small position (37K units) but am curious if anyone follows this board. I've reviewed the last few financial statements and MD&A and seems like things more