Vivmark Residential is surging in after-hours trading following a period of mixed sentiment regarding the company's valuation. While recent analysis highlighted a significant discrepancy between the stock's market price and its calculated intrinsic value of $23, the broader multifamily REIT sector has recently garnered attention for trading at a discounted 14.3x forward FFO compared to pre-COVID multiples near 21x. This industry-wide reassessment of value appears to be the primary driver for the stock, as investors weigh the potential for a recovery in the apartment REIT space against ongoing reports of declining home prices.