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Bullboard - Stock Discussion Forum Pure Multi-Family REIT LP PMULF

"Pure Multi-Family REIT LP is a Canada-based real estate investment trust. It invests in multi-family real estate properties focused on luxury resort-style apartment communities in the United States, which offers investors exclusive exposure to U.S. multi-family real estate assets. Its portfolios are in Dallas, Texas, Arizona, Houston, Georgia, San Antonio, Phoenix, and Nevada. Its portfolio... see more

OTCQX:PMULF - Post Discussion

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Post by netgenx on Apr 07, 2019 1:48pm

TSX listing

now that RUF.UN has its TSX listing I expect the yield to come down to the 5% rate of other residential REITs such as Artis (AX.UN).  This implies a re-rating in share price of about 10% which would put us right around $10/sh.
I trust this will calm the nerves of those setting their hair on fire last August when management rejected the T/O bid.
stay long -
Comment by Dominotia on Apr 08, 2019 9:39am
Ax is not residential 
Comment by netgenx on Apr 08, 2019 4:40pm
yes, I realize that, nor is it holding completely U.S. properties, but it is one of the highest yield REITs on the TSX.  As I'm using this as something of a proxy for "undervalued" it suits the context.
Comment by Dominotia on Apr 08, 2019 4:57pm
i would not use ax as an example--it just cut its dividend in 1/2 and is trying to sell off its less attractive properties. IE its in a bit of a bind. It is not by any means undervalued. Its level of US holdings is reaklly quite small. The only comparable to Ruf is Hom.un the best res reits are nvu.un and iip.un- imho