WATCH: Stock pick — EPP
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.”
Nesi Chetty from Momentum talks to Business Day TV about EPP, his stock pick of the day
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