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 > HR lagging

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Comment by CatchTheDipon Mar 16, 2022 10:19pm

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Post# 34520705

RE:RE:RE:HR lagging

Other than NAV (HR is a bit higher NAV), and insider ownership percentage (Artis is slightly higher), Artis VS HR are nothing alike.

HR has higher quality properties, positioned for Residential and Industrial. 8 - 10 year WALT (one of the highest WALTs in their sectors) and institutional grade tenants. Strong focus on residential rentals and multi use developments. They also have one of the best investment grade credit ratings of all Canadian REITs.

Artis is turning more into a real estate hedge fund, with focus on Office and Industrial. Management has two completely different styles. Samir is very aggressive and making unconventional moves (not necessarily a bad thing). Artis will likely no longer be a REIT in 2-5 years.