Professional
Added to YB: 2025-02-06
Pitch date: 2025-02-05
RRR-UN.V [bullish]
R&R Real Estate Investment Trust
-33.33%
current return
Author Info
River Oaks Capital is an investment fund that invests in a concentrated number of small, underfollowed micro cap & small cap public companies. Sign up for the newsletter.
Company Info
R&R REIT is an open-ended real estate investment trust focused on increasing unitholder value through the acquisition and ownership of hotel properties located in the United States.
Market Cap
CAD 5.0M
Pitch Price
CAD 0.17
Price Target
0.33 (+200%)
Dividend
N/A
EV/EBITDA
5.86
P/E
-0.39
EV/Sales
1.50
Sector
Hotel and Resort REITs
Category
value
River Oaks Capital Portfolio Holding: R&R Real Estate Investment Trust
RRR-UN.V: Budget hotel REIT, 16 properties, $35M cap. 2024: occupancy -2.7%, revenue/room -3%. FCF $3-4M vs $5M+. CEO sees cyclical dip. 9-10 cap rate acquisitions planned. $11.5M+ cash, need $40M+ equity raise. 90% insider ownership at $0.20 CAD. 8-10% FCF yield, 10-12 P/E. 2019 appraisal 85% above current valuation. $0.25-$0.33 CAD fair value.
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