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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

Comment by Northforce13on Mar 20, 2024 1:28am
69 Views
Post# 35942181

RE:More Industrial

RE:More IndustrialNot a fan of iindustrial.   

It's a hot sector right now, but I view industrial as tenants seeking large land areas at low rents, with less sensitivity to location.  There is a lot of land everywhere accessible near highways.  Supply might  catch demand and cap rates resemble U.S. ones (+/- 2% higher) with commesurate effect on values. 

Many REITS seem to be developping industrial, at a time that is possibly peak cap rates and perhaps demand for the sector.  Multi Family might, or might not, be similar.  

The negative ephemereal feeling I have with HR.UN is that they seem to chase the latest RE fad,  with a follow the herd type of mentality chasing after whatever is hot and popular at the current time.  

I am long HR.UN despite the above comments.  They have their strong points already mentioned by other posters.
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