USQ - US Student Housing REIT - Strawman: ASX share price, valuation, research and discussion

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#An interesting REIT

stale

Added 3 years ago

An interesting REIT came across my desk listed 8th March 2022 issue price $1.38.

Invests in student housing near large universities in USA
Investment is managed by Auctus Investment Group (ACV) (who is a 5.4% shareholder and whom incidentally gets a fee 0.6%)
Quarterly distributions expected to be >6%pa
Debt on 6 assets locked in at 3.99% fixed for 10yrs
Quoted from asx announcement "On track to deliver significant annual rental increases on current pre-leasing for 22/23 academic year"

I've never heard of such a REIT before. Definitely a sector play and definitely different to the normal industrial/commercial/retail ones.

I don't know anything about this. Would be happy to hear thoughts.

US Student Housing REIT