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TSE:HR.UN
This summary was created by AI, based on 2 opinions in the last 12 months.
H&R Real Estate Investment Trust (HR.UN) is currently viewed as a classic value stock with a strategic pivot towards focusing on multi-family properties in the U.S. and industrial assets in Canada. Despite recent attempts to explore strategic alternatives leading to an expected non-sale, there is a commitment to reduce non-core assets and refocus operations. Experts note the ongoing pressures in the Sun Belt region related to new supply, yet they highlight an attractive yield for investors biding their time. Additionally, there is mention of potential interest in the company in light of a recent hostile takeover attempt, with speculations of possible higher bids emerging, reinforcing the stock's re-evaluation amidst market conditions.
This is a good one. They are going to be increasing their payouts and have said when they are going to do so. This is because they halved the payout when they hadn't financed an acquisition in Calgary several years ago. 4.9% distribution. Nice mixture of office, retail and industrial. Good diversification.
REITs have done really, really well. Over the last few weeks, they had been consolidating some of the gains that they have had earlier in the year. Thinks the real estate theme will continue for quite some time because you are going to get nice dividend growth. This REIT is in AAA office space in the office market in Canada has very high occupancy. Doesn’t expect long-term rates are going to rise.
Very high quality REIT, primarily focused on commercial/industrial. The Bow in Calgary, which is their project, is starting to fill up. As occupancy increases, they have stated they will be increasing distributions. Expects distributions will increase by 12% from here to 2013. Very low lease expiry risk.
Really likes this stock below $25. Very high quality REIT. Long lease terms. Have refinanced. As Calgary’s Bow occupancy increases, they have indicated they will be increasing distributions. Expect money will flow back into high-yielding stocks as interest rates will stay low until 2015 according to Bernanke. Your 5.1% distribution yield plus 5% capital upside gives you a 10% total return.