Professional
Added to YB: 2026-02-03
Pitch date: 2026-02-01
GO-U.TO [bullish]
GO Residential Real Estate Investment Trust
-23.12%
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
$308.5M
Pitch Price
$10.46
Price Target
24.00 (+199%)
Dividend
7.70%
EV/EBITDA
26.14
P/E
0.30
EV/Sales
13.31
Sector
Residential REITs
Category
value
New REIT position: GO Residential (TSX: GO.U)
GO-U.TO (new position): Manhattan luxury REIT at 50%+ discount to private market comps ($956K/unit vs $2K+/sq ft market). 5 properties, mostly Upper East Side. Trading 6.2% cap vs 4.75% mgmt NAV ($24 target). Cohen & Steers paid $15 IPO, down heavily. Rent control fears overblown, affects only 190 units. 12x leverage but strong fundamentals.
Read full article (6 min)