
TSE:HR.UN
This summary was created by AI, based on 1 opinions in the last 12 months.
H&R Real Estate Investment Trust (HR.UN-T) has been described as a classic value stock that recently completed a strategic alternatives plan, which unfortunately did not result in a sale of the company as initially hoped. The company is now focusing on refocusing its operations, particularly by selling down non-core assets and concentrating on multi-family properties in the U.S. and industrial assets in Canada. This strategic shift comes at a time when the Sun Belt region in the U.S. is facing significant pressure from new supply in the market. Despite the challenges, the firm offers an attractive yield to investors willing to wait, as there is potential for a value-maximizing transaction in the future. Overall, the plan appears to be realistic, but successful execution will be necessary for long-term performance.
(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.