Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Alternate Symbol(s):  HRUFF

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

Comment by Frankie10on Dec 15, 2023 3:22pm
173 Views
Post# 35787329

RE:RE:special distribution

RE:RE:special distribution

No - the number of units we hold and the total units remains the same post consolidation - therefore % ownership remains the same.

The tax burden is simply being transfer to the unitholders. Latent taxes at the Trust level have been realized during the year and are passed on to us the unitholders via "distribution." As a result the latent tax liability at the Trust level decreases and the Trust, in theory, becomes more valuable. We personally become less valuable (net worth decreases) by the tax burden that we pay instead of the Trust. It's ultimately a wash. 

<< Previous
Bullboard Posts
Next >>