WATCH: Stock pick — EPP
Nesi Chetty from Momentum chose EPP as his stock pick of the day.
Chetty said: “It is a property stock that is in the Eastern European space and is on an attractive forward yield of about 8.5%, in euros. Their distribution growth is just over 8%. It’s quite a niche fund, at about €2.7bn, but has very good retail assets with low vacancies of around 2%. Like-for-like growth of anywhere between 3% and 4% and fundamentals for Poland were quite great, so their real GDP is increasing and wages are going up.”
Nesi Chetty from Momentum talks to Business Day TV about EPP, his stock pick of the day
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