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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 Aug 20, 2022 6:10pm
274 Views
Post# 34909610

My personal 5 year forecast e NAV

My personal 5 year forecast e NAVNAV is the conservative dollar value of the breakup value if 
all properties were liquidated and all debts paid off.
It applies very little value to development land and 
hard to measure assets.
Three things are in play;
** there will be massive devlopments of Multi res and Industrial 
properties
**unwanted offices and retail will mostly be sold at approx NAV
** there will be massive share buybacks each year so long as 
   there is a silly discount to NAV

The resulting NAV will be $30+++

Apartments and Industrial may trade at 100% to 112% of NAV.

Therefore I expect the share price to rise to $30 to $34 or more.

There are many unknowns for sure, including interest rates.

I am thinking about enjoying the monthly payout and then cashing 
out in 2027 @ $31 or $32.

I wish that I had more.

I see HR being broken up into 2 funds in 2027;
 *** Multi-res USA   80% of NAV
*** Industrial properties Canada. 20% of NAV

mat
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