H&R Real Estate Investment Trust HRUFF

Primary Symbol: T.HR.UN

Real Estate REIT - Diversified

H&R Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, operates and develops residential and commercial properties across Canada and in the United States. The Company operates through the four segments: Residential, Industrial, Office and Retail. The Residential segment consists of approximately 24 residential properties in select markets in the United States and portfolio comprised of 8,166 residential rental units. The Industrial segment consists of 69 industrial properties in Canada and three properties in the United States comprising 8.7 million square feet. The Office segment consists of 18 properties in Canada and five properties in select markets in the United States, aggregating 5.8 million square feet. The Retail segment consists of 38 properties in Canada, which are grocery-anchored and single-tenant properties, as well as five automotive-tenanted retail properties and one multi-tenant retail property in the United States.

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H&R Real Estate Investment Trust > Another 14 Year Option

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Comment by Frankie10on Aug 12, 2022 9:58am

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Post# 34891109

RE:RE:Another 14 Year Option

Great call. Missed that detail.

Everyone here should be asking themselves what $1 14/16 years from now will be worth in today's dollars.

Mephistopheles3 wrote: One interesting point on the sale of this office building is that this one was slated for redevelopment (100 Wynford Dr.).

So H&R will continue the zoning process for redevelopment which will take years to do and when it's successful, they will be able to just buy the building back which would have a much improved fair value. If they can't convert it or the market crashes or whatever, they can just walk away.

Nice move.

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