Nesi Chetty from Momentum chose EPP as his stock pick of the day. He says the company has very strong assets and is on a forward yield of about 10%, with low single-digit growth in distributions. “It is a company with very few vacancies, which is a small part of the business but they are still getting very good top line growth, so like-for-like with a net income of around 2%-3%. The company (through the cycle) will be able to sell assets at decent premiums to NAV.”
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