
TSE:HR.UN
This summary was created by AI, based on 1 opinions in the last 12 months.
H&R Real Estate Inv Trust (HR.UN-T) has been recognized as a classic value stock by experts, emphasizing its strategic move to focus solely on multi-family properties in the US and industrial assets in Canada. Despite a recently attempted strategic alternatives plan not culminating in a sale, the company has laid out a pragmatic approach to divest non-core assets. The pressures in the Sun Belt region of the US, particularly concerning new supply, could further impact the company's operational dynamics. Investors may find the attractive yield appealing as they wait for potential value-maximizing transactions to emerge. The execution of this refocused strategy will be critical for the company's future performance and value creation.
(A Top Pick Jan 03/19, Up 14%) The only REIT that trades at a discount to NAV. The yield is 6%. It has another 10% in it plus the yield. They have Calgary office space exposure, but they still get paid by Encana.