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

OUCH

[SNAKEYBOY]

I've  been informed that HR has paused the NCIB due to the bleak macro economic picture.  I thought this would be the time they would be doubling down on the NCIB or doing a SIB!

[Frankie10]

Very disappointing.

[RusticHit]

Told ya These Reits gonna go down with Div. yields very low as Gic,s giving 4-5 % why to buy these risky assets so Reits may get support around 8-10 % yields

[JMOttawa]

Not surprising they want to conserve cash. In fact very astute. Nobody has the crystal ball, and if we did- would have sold all the REITS in April and bought back now ;).  Hindsight is 20/20

[Tommy123]

This post has been removed in accordance with Community Policy

[Frankie10]

Literally what I did... and no, I would like like to see management send a clear signal that the trust is worth significantly more than what the market is valuing it at... we obviously are not going to get that signal. I imagine proceeds from property sales that were expected to fund developments have been paused and the unit buyback budget is now being reallocated. Insane how much this has