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 > CAP Rate drop = Increased NAV, distribution increase?

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Post by CatchTheDipon Apr 13, 2022 10:40am

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Post# 34600182

CAP Rate drop = Increased NAV, distribution increase?

CAP rates on industrial and residential is finally going to drop (good thing). They were way too high. Recent appraisals will significantly increase NAV in Q1. We will be in the 18-19 NAV, with strong buybacks, retained FFO, then BAM, a distribution increase as payout ratios will drop from buybacks. The distribution increase is needed to hit target payout ratios. Until then, retained FFO into buybacks first. HR should be $15+. $13 is ridiculous.

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