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 > DON'T LOOK NOW

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Comment by Reece1986bon Jun 09, 2023 9:09pm

129 Views

Post# 35489611

RE:DON'T LOOK NOW

I don't understand it. Artis is not overpriced in my opinion - it is 45% lower than May 2022.
It is H&R which is very much underpriced. I guess we should be grateful for the buying opportunity. I bought myself another 400 units of H&R this week taking me to 2k units. Looking forward to buying more next month if we stay at these prices.

SNAKEYBOY wrote: Artis is trading at a higher AFFO multiple (annualizing Q1)

Artis 0.18 x 4= 0.72 AFFO. $7.23= 10.07 AFFO

HR 0.26 x 4 = $1.04 AFFO. $10.25= 9.85 AFFO

HR has better balance sheet, less office and far more desirable properties and development pipeline. Very weird that we are not at 11-12x.