RE:MAJOR INSIDER BUY!Here's what TD has to say regarding the real estate outlook: "Negative office space demand was expected for Q2/20, with the near- term trend to be influenced by economic reopening initially, followed by an eventual vaccine and return to normal daily routines. We reiterate our view that office REIT valuations (currently averaging ~28% below NAV) already reflect the likely risks related to WFH, and that long-term WFH trends are unlikely to be as widespread as some are predicting."
My take: HR has already cut dividend 50%. Payout ratio is a reasonable 76.5%. Access to funds is ot an issue. Other office/retail retails also hit hard with current market as dismal as can be. Only question is: have we hit bottom? If you have a 6 -18 month time horizon, with all reits, I'm guessing we will see a substantial rebound with or without a vaccine. If/when a vaccine comes ot market, then it's no brainer. For now, collect dividend and wait.