Post by
canadian on Nov 14, 2022 6:59pm
Buybacks reduced drastically
Good results but buybacks reduced drastically. Are they being cautious? 22.9 million Units of the REIT ("Units") have been repurchased sinceJanuary 1, 2022for a total cost of$297.1 million 3.0 million Units were repurchased during the quarter for a total cost of$38.3 million
Comment by
Frankie10 on Nov 14, 2022 7:20pm
We have addressed this. Felt like an obvious, missed oppertunity at the time, but HR isnt an investment bank. You had to take it upon yourself to buy in the 10s... Management's focus shifted to tight capital management - prudent imho.
Comment by
canadian on Nov 14, 2022 7:42pm
I was planning to add more but now I am not sure. With many reits having dividend yield between 6 to 8%, I am on hold.
Comment by
materialsgirl on Nov 14, 2022 7:50pm
share with us which parts of the news which was less than what you expected
Comment by
canadian on Nov 14, 2022 7:52pm
Buybacks very less than expected.