Q: Can you please provide you opinion on this REIT?
5i Research Answer:
Units are doing well, up 24% this year. The company of course does have sensitivity to interest rates and the economy. Debt is high, and, considering its size, its valuation of 10X cash flow is very decent. Following its recapitalization its asset base has growth and net operating income has accelerated (27%). Debt also declined in the re-cap. It has only one analyst following the company, and the restructuring of the company was quite recent, but so far, so good. It is one now worth watching, we think, for continued growth potential.