Property Stocks Down Under 20 April 2022: US Masters Residential Fund (ASX:URF)
US Masters Residential Fund: Selling itself at a heavy discountThis REIT is the only one on the ASX offering exposure to the New York property sector and it's portfolio has grown from $69m to over ~$1bn in a decade. Sadly, that's where the good news ends. It has suffered from high debt and low yield and last month unveiled a takeover deal that was priced at a heavy discount. Click here to read the previous edition of Emerging Stocks Down Under published 13 April 2022. For in-depth research reports or to keep up-to-date on the latest Stocks Down Under news see our parent company, Pitt Street Research, or follow us on Facebook and Twitter.
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