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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 > Time to Lean Forward
View:
Post by Frankie10 on Jun 21, 2024 11:26pm

Time to Lean Forward

Q1 earnings were solid. The REIT is solid. The fundamentals are solid. The balance sheet is solid. The unit price is sad. Time to lean forward in our seat and run the NCIB.
Comment by EstevanOutsider on Jun 22, 2024 3:58am
not running the ncib is shameful on management part. like artis they have tons of canadian assets that could be sold at good prices in this enviornment. not sure what this team is thinking.
Comment by jmkOttawa on Jun 23, 2024 12:20pm
Agree, totally. They are letting down unit holders. It's puzzling..... zero insider buying. A policy of phantom distributions that are taxed as income and serve only to increase ACB. The wealth destruction for a REIT with seemingly very high quality assets is shocking.  It was also disturbing to see the unit price crater on the day that the CEO of Lantower left. Is there something that ...more  
Comment by garyreins on Jun 23, 2024 2:46pm
Yes they literally had a full year to try to go a bit "beyond" their targeted asset sales to raise 100m for a NCIB.  All those asset sales just going to debt, doesnt make sense IMO
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