RE:RE:RE:$13.xx tomorrow?I have to admit... I said I was long on HR, but I am now thinking about getting out.. there are still other reits with big projects on the table that are undervalued, SRU, REI to name 2... and they get more respect. I dont know when HR will get the share price to NAV or higher (or if they will) but at least some other reits do get more respect, I am up a lot right now, and taking my money off the table and turning it over into 4 or 5 other reits might be prudent at this point. I just dont like uncertainty, and I am starting to think HR might flounder around the $14 to $17 range for the next couple years, while REI and others might be closer to NAV.. I try to adjust my holding based on perceived risk, and potential and I am starting to think HR might have a LONG way to go before any real value is reflected in the stock price at the same time as others go much higher.
materialsgirl wrote: A breakup or a major restructuring may never happen
(70% chance) and if it does then it will be 2023 or later.
COVID would need to be gone.
Since the current 4 REITs within a REIT have common
accounting and other corp functions it will be messy to
restructure.
The only thing wrong with the current HR is that
investors like purity. Diversified REITs are harder to
value than a pure APartment or a pure Industrial or
a pure Retail REIT. It will always be this way.
Therefore HR will never trade at a meaningful
premium unless it is reformed.
mat