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Property Stocks Down Under 20 April 2022: US Masters Residential Fund (ASX:URF)
US Masters Residential Fund: Selling itself at a heavy discount
This 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.