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H&R Real Estate Investment Trust T.HR.UN

Alternate Symbol(s):  HRUFF

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.


TSX:HR.UN - Post by User

H&R Real Estate Investment Trust
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Post by JtotheGon Jul 09, 2020 10:30am
220 Views
Post# 31244939

Price Target at $15.

Price Target at $15.


Given the 200 day MA is $16.71, I think a $15 target is very conservative for Q3 and here is why.

 

Number 1: It's well diversified.

 

Number 2: Biggest issue has been retail portfolio. With reopening we should see continued improvements in rent payments for that sector.

 

Number 3: Lease Rollover is low for 2020 and 2021. If we had lease rollover for 2022 during COVID, the stock would be falling more.

 

https://www.hr-reit.com/wp-content/uploads/2020/03/current_investor_update.pdf (Page 27)

 

Number 4: Rent collection at 85% for April and 80% for May.

 

Number 5: Dividend still juicey after a 50% cut.

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