OUCH for HR$13 to $8.50. Surely its twin PMZ has faired much better, $13 to $12.44. Is Alex Avery and the PMZ team more competent than HR management? I dont think HR has significant amount of office anymore to be worried about, 18% and its solid with something like 7 year WALT.
Trading at 8.5x AFFO and 7x FFO.
These multiples on the reit sector are getting pretty insane, even factoring in interest rate expense increases its still 10x which is historically cheap. Arent REITS supposed to be 12-16x multiples on average