Market Wrap - Stock Pick - EPP N.V

Nesi Chetty from Momentum chose EPP N.V, a predominantly Polish detail operations company that have very strong assets and is on a forward yield of around 10% with low single digit growth in distributions. It is a company with very little vacancies which is a small part of the business but they are still getting very good top line growth so like for like with an net income of around 2 to 3%. The company (through the cycle) will be able to sell assets at decent premiums to NAV.