Professional
Added to YB: 2025-08-13
Pitch date: 2025-08-11
NRR-UN.TO [neutral]
Northview Residential REIT
+7.7%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
Northview Residential REIT is a real estate investment trust amended and restated most recently on August 21, 2023.
Elevator thoughts on NCP's REITs - Northview Residential REIT
NRR-UN.TO (update): Residential REIT w/ exceptional Q2: lower interest expense, reduced payout ratio, AMR growth, asset sales. Trades at 7.4% implied cap rate (largest discount in sector). Secondary/Arctic/Atlantic/Alberta markets immune to student immigration issues. Limited new supply competition. Illiquid float makes privatization candidate. Scotia initiated 'outperform'.
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