Professional
Added to YB: 2026-02-25
Pitch date: 2026-02-23
GO-U.TO [bullish]
GO Residential Real Estate Investment Trust
+0.1%
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
GO Residential Real Estate Investment Trust is a newly created, internally managed, open ended real estate investment trust established under, and governed by, the laws of the Province of Ontario.
Market Cap
$354.0M
Pitch Price
$10.23
Price Target
N/A
Dividend
6.03%
EV/EBITDA
24.80
P/E
N/A
EV/Sales
14.54
Sector
Residential REITs
Category
value
Sticking with what's hated: REITs - GO Residential Real Estate Investment Trust
GO-U.TO: Newly listed REIT with 5 luxury Manhattan apartments (UES). Trading ~$900k/unit (6.5% cap rate), under 50% of private market comps. Insiders added $23M since July '25 IPO, control ~40% via OpCO units. Out of favor due to low liquidity, sector weakness, Mamdani election concerns. Majority units outside rent control; policy changes blocked until 2028. NYC #2 US market for rent growth per EQR. $150M+ property tax credits. Meaningful margin of safety vs private market value.
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