Sun Residential Real Estate Investment Trust (TSE:SRES) has released an update.
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Sun Residential Real Estate Investment Trust has reported a strong financial performance with a 3.8% revenue increase and a significant 25.5% rise in net income compared to the same quarter last year. The company also announced a quarterly distribution payable on June 28, 2024, emphasizing ongoing renovations and robust occupancy rates. Despite slight decreases in cash and cash equivalents, Sun maintains a healthy financial position with a net asset value per unit of $0.087.
For further insights into TSE:SRES stock, check out TipRanks’ Stock Analysis page.