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Northview Residential REIT T.NRR.UN

Alternate Symbol(s):  NRRUF

Northview Residential REIT is a Canada-based real estate investment trust. The Company is engaged in indirectly acquiring, owning, and operating a portfolio of income-producing rental properties in secondary markets within Canada. Its properties include multi-residential properties, commercial properties, and execusuite properties. Its multi-residential properties include Dawson Townhomes, Ridgeview Apartments, Parkview Apartments, Tuscany Manor, County Squire A and B, Willowbrook Townhomes, Mt. Glacier Apartments, and Springhill Apartments, among others. Its commercial properties include the Franklin Manor Building, Bristol Court Sun Life, Blackstone Federal Building, Mack Travel Building, Shoppers Drug Mart, NWT Commerce Place, and others. Its execusuite properties include Inuvik Capital Suites, Capital Suites, and Iqualit Capital Suites. Its portfolio consists of approximately 14,400 multi-residential suites and 200 execusuites across nine provinces and two territories.


TSX:NRR.UN - Post by User

Northview Residential REIT > Mispriced?
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Comment by DanielDardenon Dec 26, 2023 1:34pm
175 Views
Post# 35800490

RE:Mispriced?

RE:Mispriced?
DanielDarden wrote: After the consolidation, at a constant cap rate and NOI, the NAV/u is ~$26. At $12 it is trading at a 60% discount which seems extreme for an apartment REIT with a 65% payout ratio. NVU, with essentially the same team, never came close and was well regarded by analysts. Once they pick up coverage here the real value should surface.

Congrats to those who had the conviction to buy at or near the bottom. I felt like I was doing all the buying at times but knew that the value would be recognized eventually so didn’t mind. Being early is seldom fun but it does offer freshness. 

Confident that  the move up will continue in ‘24 with increased coverage and moves west.

Happy and Healthy New Year to All!
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