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

Adding Monday

[CatchTheDip]

Stupid crazy mispricing. I hope everyone sells their PMZ so I can get more at this ridiculous price Monday.

[SNAKEYBOY]

I agree. After the exiters from HR get out we'll move up to $15's or so, then we'll see what happens with the broader sector.

[Tommy123]

This post has been removed in accordance with Community Policy

[CatchTheDip]

PMZ at around 6% yield (at $13.25) on 29% debt and less than 50% FFO payout ratio isn't enough?

[my2pennies]

No, I can make a higher dividend elsewhere. The real kicker for malls is the long term ability raise their distribution is limited. Sure PMZ has an 50% FFO now, but once the post COVID shopping spree is over there will be a return to the long term year over year reduced foot traffic and declines in same store profit margins. I see no evidence to prove the contrary, but I am always open to it if

[SNAKEYBOY]

Sentinment around shopping malls is what you described hence it was holding HR back.  The beauty of the spin off is they made it with 29% debt and 50% payout, which makes it a stable income stream even if FFO gets worse and payout ratio creeps up to 80%.   A cut is likely not going to happen in the next 5-8 years, and developments can help it grow.  Bottom line is if management

[DeanEdmonton]

I am of exactly the same view. May be some money to tbe made shortterm trading PMZ swings but longterm, no bwoano