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Bullboard - Stock Discussion Forum H&R Real Estate Investment Trust T.HR.UN

Alternate Symbol(s):  HRUFF

H&R Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, operates and develops residential and commercial properties across Canada and in the United States. The Company operates through the four segments: Residential, Industrial, Office and Retail. The Residential segment consists of approximately 24 residential properties in select markets in the... see more

TSX:HR.UN - Post Discussion

H&R Real Estate Investment Trust > What's going on with HR?
View:
Post by SNAKEYBOY on Jul 28, 2023 6:11pm

What's going on with HR?

Given same discount and multiple as artis.  But doesn't have 800 million of floating debt to renew this year, the gem we call landtower, and 1 billion in development potential.  AND significantly less office as a % of NOI
Comment by Frankie10 on Jul 28, 2023 8:41pm
Office is 99% leased and a good amount is being rezoned as multi-res... an office tenant asked out of lease in Mississauga - they will occupy the space until the end of the year and will pay us a lease termination fee of a couple $mil... H&R is already in the process of rezoning the space as industrial and expects approval by Q4 (before the space is vacated)... management here is quality, imho ...more  
Comment by SNAKEYBOY on Jul 28, 2023 8:59pm
That's my point.  This 4 month weakness seems a bit odd... just because lantower ceo got canned it hasn't been the same
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