H&R Real Estate Investment Trust T.HR.UN

HR so so very undervalued

[gashole]

Look at a company like interrent by comparison, they are all residential, but still... AFFO 10 cents per share this quarter, pays out 33 cents in dividends for a whopping 2.25% yield... they have declining occupancies, but feel they have hit the bottom of the trough.... Share price, $14.69....Book value $14.19................

HR share price was lower just a few days ago with more than double the dividend, and 3.6 x the AFFO... To say they are undervalued would be a understatement... If after the spinout of the 4 sectors doesnt push my $$ holdings of this up 50%, then I am afraid they better just put themselves up for sale.

[thenewsnake]

Well $15.20 isn't as undervalued as it was <$13 or $10 for that matter.  Everyone knew this

[canadian]

Then why isn't the stupid management increasing the dividend?

[gashole]

They are working on spinning out each sector that the Reit owns office residential Industrial and retail.. they won't increase the dividend until the split is defined in my opinion... when they keep the cash in the bank account instead of distributing it, it just increases nav so long term no worries we will get the money one way or another.

[canadian]

Respectfully disagree. Many investors like me don't like to buy low dividend shares. Large share buybacks and dividend increase would get the share price closer to NAV.

[gashole]

And yet there are plenty of REITs that are trading with a 2% dividend yield which just keep going up and up... even though they have held the dividend where it is right now for many months the stock has still gone up quite a bit prettymuch doubled since the cut.. anyone who owns this or is buying the stock knows that they have a low payout ratio and that is more attractive than a company that pays

[materialsgirl]

canadian What you say is true. The reality is that management and the Board and long term  holders focus on stability, borrowing costs. long term share  price. The hour by hour random walk of the share price is not a priority. This is a very good thing for shareholders like us. We got to buy the shares cheaply and in a short  year or two we get to enjoy a high dividend when it

[materialsgirl]

re "dividend" The payout ratio is now a craxy low 41%.  In that sense they could  raise the amount immediately. However they want to be 100% sure that they retain their credit rating in order to borrow more cheaply going forward. Also, they are spending heavily on development so they can use the money. Also, in 3 months the USA situation will be fairly clear; 50% of adults

[canadian]

Agreed. But they could have boosted the dividend a bit now and increase more as things get better