RE:RE:RE:RBC Price Target Raised to $18 - May 26th (today)HR has typically traded at a discount to NAV beause they are heavy in certain areas and a large % of their rents are coming from the BOW for example... By getting rid (selling off) some of these assets they can then get the cash out and invested into other sectors that typically trade at or over NAV. Here we are $6 under NAV while other reits are trading much closer to or even at or over NAV... Have a look around. Go check out GRT.un............ Splitting up the company into individual sectors - office, retail, industrial, and residential will unlock the sectors from being tied together.. They may just sell off the industrial and streamline the office portfolio into a higher quality leaner entity. Its possible they keep office, retail and residential tied into one... who knows. <br /> <br />
Sphynx8 wrote: I am confused, how would rejigging the company improve NAV? NAV is simply the "real value" of the company. it is changed by increase in value of the properties via development.<br /> <br />
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