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

May 13 could be a big day

[materialsgirl]

HR will announce a large NAV jump in the USA  Apartment assets.
HR will announce a large NAV jump in the Canadian (mostly) 
Industrial assets.

The May 13 share price gain will be muted a bit if unitholders anticipate
that the NAV will be announced to have gained materially.

I expect at least $1 unit price gain;  maybe $2.

In the meantime, fingers crossed, let's hope that the share buyback will be 
record breaking.

mat

[CatchTheDip]

Considering these assets are nearly 50% of total NAV of HR, the jump in HRs NAV will be material. Almost never do we see a REIT make such an announcement. This is bigger than the market has given credit for, so far. Good opportunity.

[Mephistopheles3]

Right, they wouldn't do a press release if the increase was 2-3% and H&R do not have a history of issuing press releases for non-events. They might have believed that the difference was so material, that it warranted a press release to be in compliance with security regulations.  So this is likely material and it's just a question on what the % is which we will find out in a few

[materialsgirl]

Yeah.  It is rare for a company to give this type of guidance midway through a Quarter. For people that have not read the text; ======================================================= Anticipated Fair Value Increases and Earnings Release H&R also announced today that, based on relatively recent changes in market values of its industrial and residential real estate properties and based on

[SNAKEYBOY]

My guess is NAV will go from $17.70 to $19.50 (with including buybacks).   That should bump us a bit, but without a sale to crystalize it, it may still  struggle to get to $14.

[rad10]

NCIB doubled. trading at 74% of NAV. Makes a lot of sense to scoop up and cancel cheap shares.

[SNAKEYBOY]

I posted some calculations on the PMZ board.  Given how slow the NCIB is and only 10% of the float, it's likely to somewhat give a small bump to the NAV/unit.  You have to cancel 20% shares to have a meanginful increase of $2+