RE:Reading this board is exhausting.We are not hitting $25 anytime soon.
Here's why:
After the massive 50% distribution cut earlier this month, $25/share would give a yield of <3%. This means that people would have to be investing for the growth not for the yield and HR.UN would have to prove through financial statements that they are capable of this. This doesn’t happen overnight. Also with all the uncertainty around COVID-19, the Canadian real-estate market, and so many people not paying rent i wouldn’t expect a booming Q2 or Q3 either.
For those counting on future distribution increases to boost share price; distribution cuts of 50% can happen overnight as we all just saw but a 50-100% increase takes Years.
Everyone who bought in at $8 congratulations, but for everyone else who bought in at $20+(my self-included) we are most likely in for a long slow recovery. I am holding and continuing to collect my distributions in the meantime.