Post by
SNAKEYBOY on May 12, 2022 7:31pm
LET'S BE REAL
As I said before, the NAV could be marked up to $122 and it would not matter. You know who determines the NAV? THE MARKET. HR now has a similar balance sheet to PMZ. $22/share NAV and ~30% debt, 50-60% payout ratio.
I did like the CEO change, and dividend bump for respect to investors. They did hit all metrics, financials, NCIB, dividend increase, and fair value increase. If the market does not reward this with a nice move up tomorrow. IM RETIRING
Comment by
CatchTheDip on May 12, 2022 7:56pm
HR has much faster SPNOI growth and properties are in MUCH higher demand.
Comment by
SNAKEYBOY on May 12, 2022 8:36pm
Definitely but higher dividend and FFO is also lucrative for investors. HR is my biggest holding, and RIOCAN and PMZ are tied in 2nd, Artis 3rd.