Professional
Added to YB: 2026-02-25
Pitch date: 2026-02-23
GO-U.TO [bullish]
GO Residential Real Estate Investment Trust
-13.76%
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 an internally managed, open ended real estate investment trust established under, and governed by, the laws of the Province of Ontario.
Market Cap
$320.4M
Pitch Price
$9.90
Price Target
N/A
Dividend
7.41%
EV/EBITDA
26.33
P/E
0.31
EV/Sales
13.41
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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