I looked closely at the two and bought ZEN. PEA has some funny structure as far as I can see - even some exposure or subsidiary in Africa. So I did not like that. ZEN seems more simple to me. PEA, of course, has connection to 'The Grid'. So they have that extra goodie.
ZEN has some loans they just took, so they will be paying some interest. But they seem most likely to grow organically. I worry a bit re the escrow shares released last month. But the holders of those shares seem to just be holding. But IF some dump happened, there is not enough liquidity to hold the share price.
But I like ZEN as a very, very long term holding. I just hope in a few years they have doubled in size, and start paying dividends.
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PEA
pepper residential securities trust no. 30
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