Sun Residential Real Estate Investment Trust is an unincorporated open-ended real estate investment trust governed by the laws of the Province of Ontario and established pursuant to a declaration of trust dated January 22, 2019, as amended and restated on March 22, 2019 and November 4, 2020. The business of Sun is to acquire and operate multi-family residential properties located in the Sunbelt region of the United States. Our business operations commenced on January 28, 2020, when we completed a financing and concurrently acquired a 51% interest in Evergreen at Southwood, a “Class A” multi-family residential property located in Tallahassee, Florida comprising 12 buildings with 288 rental units. In June 2023, we acquired our second property, 4815 Tudor Drive, an 8-unit multi-family property located in Cape Coral, Florida.
Metrics to compare | SRES | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipSRESPeersSector | |
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P/E Ratio | −1.8x | 5.2x | 9.1x | |
PEG Ratio | −0.04 | 0.03 | 0.01 | |
Price/Book | 0.0x | 1.1x | 0.9x | |
Price / LTM Sales | 0.1x | 5.5x | 3.9x | |
Upside (Analyst Target) | - | 21.8% | 12.5% | |
Fair Value Upside | Unlock | 11.1% | −0.4% | Unlock |