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

Driven today by expectations

[materialsgirl]

Like HR  Choice Properties is ~ 15% Industrial
Choice reported good results today with emphasis on Industrial.

The word is getting out.

** fabulous results in Industrial arena
** Offices will raise a lot of money over the next few years
** USA  Apartments were harder hit than Canada 2 years ago.
    Today the USA multi-res segment is booming more than Canada.

Yes

mat

[CatchTheDip]

HR should be $17+. This market price is way off. Surprised no one has tried a takeover yet.

[SNAKEYBOY]

The yield would be 2.xx% for a $17 price.  I think it should be around $14.50-15 still they start bumping it

[materialsgirl]

Yeah. It is so attractive as a takeover.  I doubt that it will happen due to insiders having  a large voting block mat

[SNAKEYBOY]

Cominar got bought out at $11.75 and it used to be worth $25!

[pjn0987654321]

The distribution should be much higher.  I am surprised CRA lets them get away with that and retain their trust status.  Also, by keeping huge amounts of cash, which they do intend to invest in the business, they are asking for a hostile takeover. 

[Mephistopheles3]

They don't have that much cash on their balance sheet?  Dec 31st had $124 million which is 1% of their total assets.  They've also used much of that on share buybacks which is an indirect dividend in any case.   I hope there is no "Halloween Massacre" like back in 2006 when the government pulled the rug out of the other income trusts.

[pjn0987654321]

OK they are spending it on improving the business and share buybacks so it's not on the balance sheet, nevertheless they are asking for a hostile takeover.  One fine day, Brookfield or similar is going to show up at the door, announce they have 10% of the units, their allies have another 10%, and make a hostile offer which will be accepted because enough of the remaining 80% will be short

[bttmfischer]

How much of IPL's "gain" you referred to, went to Brookfield? Is that figure available anywhere? If you know that, would you be good enough to share it?