H&R Real Estate Investment Trust T.HR.UN

might be smooth sailing to $12

[garyreins]

5%   dividend,12x AFFO.  Unlikley to go over unless theres some significant execution on their plan

[Northforce13]

"5%   dividend,12x AFFO.  Unlikley to go over unless theres some significant execution on their plan" H&R is transforming into a residential REIT, which trade at higher multiples Sitting while the gap closes over the next couple of years could be fortuitous I haven't run the numbers, but if the gap is 40% and it takes 2 years to close, that is 1.5 to 2% per

[Northforce13]

"I haven't run the numbers, but if the gap is 40% and it takes 2 years to close, that is 1.5 to 2% per month in addition to normal gains and dividends for for the residential REITs group." Quick look = peers > 20x AFFO.  Using above theory means 67% upside to reach 20x AFFO, which would be conservative, since the others all appear to be at or north of that.  Giving a 2

[garyreins]

Yes if you split the reit into its individual parts and apply the sector multiple its easily 14-15x right now...but HR has been a laggard for a decade.   how long will it take before they are separate reits or all retail and industrial is split out...not to mention that huge capital gain phantom distributions along the way.  but good in the registered accounts