Australian REIT. They have not has the rise we had here in Canada. This one went through a huge reorganization that cleaned up the balance sheet but they haven’t had the move. Australia is one of the only countries that can actually lower interest rates. Pension funds are entering Australia. Their economy is tied to resources and China, which would be a risk but that should be temporary.
Australian REIT Income Fund is a Canadian stock, trading under the symbol HRR.UN-T on the Toronto Stock Exchange (HRR.UN-CT). It is usually referred to as TSX:HRR.UN or HRR.UN-T
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In the last year 0 stock analysts on Stockchase covered Australian REIT Income Fund. The stock is worth watching.
On 2023-12-13, Australian REIT Income Fund (HRR.UN-T) stock closed at a price of $7.86.
One of the only REITs that he still holds. He likes Australia. The problem with this one was when they first set it up, the Australian currency took a big hit right off the bat and that’s why it came down. They are now hedged. Great entry point at this level.