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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

Post by colombusson Mar 27, 2024 8:12am
141 Views
Post# 35954880

superficial analysis

superficial analysisBut anybody feel like chipping in some more thoughts and research?

As pr the latest investor presentation Avalon Bay Communities also uses a 4,5% caprate on their residential properties. But where they are very much different is that book value pr share is approx 82 usd, and it trades at 178 usd, so price book is more than 2.

H&R has a 58% residential element as I remember it. Its put in the books at a 4,5% caprate like Avalon. Now what am I missing.

Could like like a huge potential in H&R, or is Avalon using 4,5% caprate just for presentation purposes, and maybee they have them in the book at original building cost. I will look into this when I have time.

But for now, H&R looks like its not rewarded at all for residential element, with a price book at approx 0,45.
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