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

Alternate Symbol(s): HRUFF

Real Estate REIT - Diversified

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

H&R Real Estate Investment Trust > $12.67

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Comment by Mephistopheles3on Apr 07, 2022 6:30am

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Post# 34583197

RE:RE:RE:RE:$12.67

Hi guys,

On the weakness with H&R, I've opened up a pretty large position and am happy to let management work at buying back the shares at a large discount and hoping they can continue the buyback after this one runs out.

I have NAV coming in around $17.75 or so for Q1 and I think the markets have over-reacted to the rise in interest rates coming. Management here has always taken a pretty conservative approach with their cap rates which I think will carry over into Q1 resulting in some write downs of their assets, despite the quality and high demand. Looking forward to seeing their earnings soon!

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