Post by
materialsgirl on Sep 01, 2022 6:15pm
Discount to NAV effects
Each time HR sells unwanted properties at NAV two things happen;
*** HR NAV stays flat BUT the basis of the discount shrinks.
*** We get a little closer to pure play Apartments and Industrial.
As others have pointed out the ongoing share buybacks also
increase the discount to NAV.
This may be the deal of the decade
I wish that I had more units
mat
Comment by
SNAKEYBOY on Sep 01, 2022 7:19pm
Check out Artis, higher FFO, higher dividend, 20% lower.
Comment by
JMOttawa on Sep 01, 2022 9:36pm
Ditto! I wish I had more units!!
Comment by
Frankie10 on Sep 01, 2022 9:46pm
Agreed. Buying more units lads. First purchase was $12.40, with incrementally larger bids on the way down.