Sales of $39.4M beat estimates of $39.1M. Its same property portfolio revenue grew by 9.3% and NOI for same property portfolio increased by 11.8%. Its average occupancy improved from 94.7% to 97.0%, and its outlook is positive driven by macro forces of increased immigration, housing shortage, and rental demand. Its NAV per unit is $23.21 as of June 30, 2023. It pays a distribution yield of 3.4%, it is somewhat expensive, but its growth rates have been good and high rates are keeping REITs suppressed for now. We would consider this name to be a hold currently.
5i Research Answer: