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An announcement from Sun Residential Real Estate Investment Trust ( (TSE:SRES) ) is now available.
Sun Residential REIT announced its first-quarter cash distribution of $0.00095 per unit, to be paid on March 31, 2025. This distribution is deemed a return of capital and thus tax deferred for taxable Canadian unitholders, reflecting an annualized distribution rate of 6.3%. The announcement emphasizes the REIT’s strategy of providing tax-efficient returns to its investors.
More about Sun Residential Real Estate Investment Trust
Sun Residential Real Estate Investment Trust is an unincorporated open-ended real estate investment trust that focuses on acquiring multi-family residential properties in the Sunbelt region of the United States.
Average Trading Volume: 271,309
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$12.2M
For an in-depth examination of SRES stock, go to TipRanks’ Stock Analysis page.