RE:RE:Trying to Become another Brookfield is not the Right AnswerVery well explained.
Several years ago several investors thought that
a diversified REIT was the way to go for reasons
explained by DeanEdmonton.
While the reasoning is based on business reality
the problem is that investors like simplicity and
purity.
While HR REIT cover 4 broad segment descriptions
the asset base is much more scattered.
The Apartment collection is quite pure
But.
The Retail has open air and enclosed malls.
Retail property is scattered in 3 Canadian provinces
(mostly) and in the USA.
Offices are also diverse. The Bow is in a category all
on its own. There are big offices like the Bell operation
inMississauga. There are smaller offices
Even Industrial has some small bay and several mid sized
properties and several very large properties (300,000 to
1,000,000 square feet)
The current HR asset collection contains fabulous assets
but the assortment is hard evaluate.
As they say in Texas, "Bubba likes simple"
mat