We are pleased to announce tha Varia US Properties AG (VARN) is, for the first time since it’s creation in 2015, covered by analyst research. Kepler Cheuvreux issued it’s initial coverage research this week with a target price of 38 CHF.
For any questions and to obtain the research paper, please contact Lea Saenz de Cabezon at Kepler Cheuvreux.
Varia US Properties is a Swiss based company investing in the US residential real estate market, with over $750 M of properties accross the country.
Its main focus lies on secondary and tertiary areas that are characterized by strong population and employment growth and limited housing offering. These regions are typically within a 45 to 60 minute drive of city or employment centres. The housing offering targets the low to medium income population in these regions.
The company’s asset manager is Stoneweg, an international real estate asset manager with over CHF 2 billion of real estate assets and projects under management .
Varia US Properties is listed on the Swiss Stock Exchange (SIX) in Zurich, with the ticker VARN.