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

Alternate Symbol(s):  HRUFF

H&R Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, operates and develops residential and commercial properties across Canada and in the United States. The Company operates through the four segments: Residential, Industrial, Office and Retail. The Residential segment consists of approximately 24 residential properties in select markets in the United States and its portfolio comprises 8,166 residential rental units. The Industrial segment consists of 66 industrial properties in Canada and two properties in the United States comprising 8.7 million square feet. The Office segment consists of 17 properties in Canada and three properties in select markets in the United States, aggregating 5.5 million square feet. The Retail segment consists of 34 properties in Canada, which are single tenant properties as well as two single tenant retail properties and one multi-tenant retail property in the United States.


TSX:HR.UN - Post by User

Post by materialsgirlon May 16, 2021 12:29pm
137 Views
Post# 33211401

A unique tailwind

A unique tailwindIn general, REITs are boring;
FFO per share can stay at 42 cents a quarter 
for half a decade.

Going forward throughout 2021, as lockdowns end,
I see several dymamics in play;

1   Industrial REITs.  There will be no news to speak of.
     The segment will not be helped by the opening up of 
     offices, hotels or retail
     Industrial REITs were boosted by covid and will remain
      98% occupied with 99% rent collection with large rent 
      increases on the renewal of leases.
2    Retail.  This segment will be boosted a lot especially 
      enclosed malls
3    Hotels.  A huge boost
4    Offices.  A return to the office will take place
      Will returnees account for 95% of the 2019 workers?
      Or will it be just 70%?    Who knows.
5.   Apartments. Downtown rentals in big cities will enjoy 
      a new boom (New York, Toronto, everywhere)

HR will be part of all this (except hotels)  AND they will have 
one additional tailwind.

There will be continuous news about the restructuring 
of the current entity.  News of the sale of the Industrial
REIT could bump the share price by $2 or $3 in just 
one day, for example.  There might be 3 or 4 big 
headline news before the snow flies.
The key for investors is to hang in for the balance of the year.

mat

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