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Stock impact report

Pure Cycle: Rental Revenue And Lagged Tap Fees Coming [Seeking Alpha]

Pure Cycle Corporation (PCYO) 
Last pure cycle corporation earnings: 4/10 01:40 pm Check Earnings Report
Company Research Source: Seeking Alpha
We think the latent value in the residential lots that they plan to sell and those they plan to keep for rental is around $45 million based on past sales. There are also lagged tap fees that will come in as homebuilders finish developing the lots they've been delivered. Incoming rental income should increase the rental revenue quickly, and growth is easy to expect from the metered water revenues too. But we aren't seeing that it is a steal on this first pass. Adventure_Photo/E+ via Getty Images Pure Cycle Corporation ( PCYO ) has water rights that they grant to developers and other industrial operators on their land, and earn from the wholesale water sales that they make to the local authorities who then More on my IG service If you thought our angle on this company was interesting, you may want to check out our idea room, The Value Lab . We focus on long-only value ideas of interest to us, where we try to find international mispriced equities and target a portfolio yie Show less Read more
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