Post by
colombuss on Mar 14, 2024 2:33am
Well
I think whats keeping it down is yield comparisons with other reits. Dream Office too.
H&R has so many accreditive development plans, that I dont see buybacks as a driver. In Dream Office it will be, after sales.
Look at Canadian apartment properties, Avalon Bay, 3% yield, the biggest value creation could be in spinning out a fullbloded apartment reit to shareholders.
Its not in the plans, and thats why this is a 10 year investment.
This reit increases NAV longterm by low payout ratio.
Comment by
colombuss on Mar 14, 2024 10:46am
Got filled at 8,75 now, total 200t average 8.99, Dividend average 6,6% on basis off 52% payout. Or you can say 28% approx discount on properties allready at fair caprates. I think its a winner when rates fall. And should be bought before that happends
Comment by
Frankie10 on Mar 14, 2024 11:25am
Legend. Inspired me to buy 1k more at $8.75. I have the asset discount at 31.9% at $8.75/unit - with no consideration for latent taxes, or a portfolio discount.