Post by
SNAKEYBOY on Apr 26, 2022 10:42am
Interesting
They always said it was THE BOW (TOXIC ALBERTA OFFICE) AND MALLS holding HR back. Now with those assets off the books without a writedown, HR is still behaving the same, and possible worse!
Comment by
Frankie10 on Apr 26, 2022 10:57am
It's macro not company specific and it's going to get worse.
Comment by
SNAKEYBOY on Apr 26, 2022 11:15am
Well yes REITS have been weak recently but HR still trades at > 30% discount, which is rather rare
Comment by
Frankie10 on Apr 26, 2022 3:28pm
When I say macro I don't mean reits in general, I mean the global liquidation event unfolding across all asset classes. HR is an abolute quality and value investment - a great place to hide as liquidity tightens. GL