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

Dropping ball on NCIB

[garyreins]

With 10b in assets they literally need to sell SOMETHING at a FMV and get 100m in liquidity and cancel 15m shares down here

[Frankie10]

All healthy REITs have available capital through credit facilities. One could in theory financially engineer a higher NAV, FFO and AFFO per unit by tapping the available credit to buyback units -- assuming meaningfully accretive at a ~60% discount to NAV. Selling assets adds a level of execution risk that this Managment has proven is not an issue - and allows us to do the aforementioned

[garyreins]

Good idea. Email him on behalf of Gary as well.  When I did this last year they gave a "going into recession" response and preserve liquidity 

[spacegimp]

Yup . It's a rare chance to quickly create value for shareholders. They were right not to be doing it all the way down like many other unfortunate names like dream, Artis