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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 thenewsnakeon Nov 11, 2023 2:29pm
199 Views
Post# 35730332

I get and like HRs plan but...

I get and like HRs plan but...At the end of the day, 50% into it, it's 9/20 = 0.45 NAV.   It was one of the strongest REITS up until Landtower President got canned or resigned, now its been underperforming ever since.  I would like management to indicate that by 2026 or whatever, if there isnt a gap closure, to go the last mile and split into 2 pure play REITS, resedential/industrial, or sell all industrial and fund a massive SIB if the discount persists, leaving Landtower and some mix-used as the new HR structured like PMZ.

We should not be in 2026 with a 50% discount to NAV
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