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 > The thing that irks me

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Post by garyreinson Nov 15, 2024 10:01pm

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Post# 36316138

The thing that irks me

I was reviewing their latest presentation and since 2021 they greatly reduced retail and office and is now significant resedential and industrial (retail and office is <30% of entire portfolio)

Plus their SPNOI growth in 2022 and 2023 was 15% and 10%

Riverlanding came on stream and is leased up, as well as other renvoations

and yet...what, unit price is 30% lower

like whats the point of investing in this cr@p if this is how things react

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