Post by
TeamCommonSense on Dec 22, 2024 11:58am
Additional downside ....
.... for all unit holders of HR.un .... whether in reg or non reg accounts:
As more people realize the "bad deal" they r getting from management re the OTH vs. CG tax tradeoff ... there will be more peeps on the Sell side .... tending to force the unit price down!
And related to this tax drag on performance .... as the ACB creeps up annually in non reg accounts .... more holders will earmark their "in the red" HR.un position for tax loss selling .... also exerting downward price pressure!
I wonder how many insiders hold significant amounts of HR.un ... in which case they would want to be more aligned with unitholder positive strategies than current practice suggests.
In conclusion .... I hv convinced myself that I made an error by rolling over my HR.un holding from Margin Acct to RRSP! I should hv just exited and said "Sayanora" once and for all! Fortunately only about $145k in this minor holding .... so it is what it is!
My bad!
Comment by
garyreins on Dec 22, 2024 1:02pm
What does oth versus cg mean. I assume that's why hr is cheapest affo multiple in cad REIT space that's non office
Comment by
garyreins on Dec 22, 2024 1:06pm
I think In long run it'll pay off. If your not cash tight you take the bigger tax bill . They can still realize a much higher unit price one day
Comment by
jmkOttawa on Dec 22, 2024 5:00pm
OTH might be other income which is fully taxed. CG is of course capital gain which is taxed at 50 percent and of course now sometimes at 66.66 per cent. I think it is one of the most undervalued REITs because the market does not fully appreciate diversified REITs at this time anyways. The tax treatment of their special distribution is a massive mark against H &R for sure.
Comment by
Aldoal on Dec 23, 2024 12:25am
Only 145k, blow hard,much?.
Comment by
Aldoal on Dec 23, 2024 12:28am
Just sell already and quit the sniffling