H&R Real Estate Inv Trust

HR.UN-T

It's diversified, owning office, retail, residential. They have long-term leases, 10 years on average, which is good. This offers some security in a recession. They've sold nearly $2 billion of assets in the past two years, but have been growing a portfolio in the US sunbelt, which she likes. Retail is in closed malls, but not performing well. A catalyst is the sale of Bow, a Calgary office tower, soon. Maybe the yield will rise in 2020. This is fully valued and the diversification stunts growth.

A large cap REIT. The dividend is safe. It is diversified among several real estate classes. They hold a large position in some retail assets. This is not one of his favorites right now. He would wait for now.

They have held this on the debt side, but not the equity. They almost have too much diversification for his liking -- too many moving parts. He likes themes that play into strategies. The units have done nothing for almost 7 years. Yield 6%

Doesn't see a dividend cut in the immediate future. Has just floated along, as most REITs have, for a long time. Doesn't see earnings momentum higher.

A big company that owns some good assets and a safe dividend yield. He would range trade this and is not clamoring to step in right now.

Never owned it. They are all over the place in terms of sectors. They are good Managers. With interest rates being down the stock came up. Conservative. 70% pay out ratio. He hasn't looked at it closely as they are widely diversified.

2020 looks promising with success in U.S> multi.

No, retail is not going out of fashion. HR will work out okay and will grind out a slowly growing dividend. The fear out there is that Amazon will destroy all retail--but that's unfounded. Also, HR diversifies into building condos too. A safe dividend, but with modest growth prospects.

He is not too familiar with them, but feels it is a premier REIT. Overall, this space has been an out performing sector. The yields are strong, he believes. He looks more for growth stories, so does not own many REITs.

He owns no REITs, though now they're looking attractive with interest rates suddenly not rising fast. They're until retail and industrial space. How confident are you of the Canada economy? Over 6% yield (safe) and it's moved above its 200-day moving average. Okay holding long-term.

All their real estate is operated reasonably. Commercial is holding up a bit better than residential. It had a nice little run while people got nervous with markets. The October drop might have scared some investors. Hold this one for income.

REITs will do well even in a slow rising-rate environment. Pays a 6.7% yield. Asset value is nearly $25 vs. a stock price of $20.63. A mix of office and retail real estate. The total return was actually up in 2018--rare in 2018. But it's tarred by being in Alberta, but that's only one Calgary property which is 100% leased. You won't see a ton of growth here, but you'll get nearly a 7% yield plus 5% growth.

REITs you recommend? Earlier this year, interest-sensitives moved down because interest rates were rising. Then, this fall, the Canadian economy looked shaky as oil fell, so rates held, and so THIS benfitted interest-sensitives. Now, there are fears of a recession (which she doesn't see), so investors bought these stocks again. You should hold 5-7% in REITS. She likes H&R REIT with a yield of 6%. It's diversified across commercial and industrial properties with some in Canada but got out of that in America. They'll benefit when Amazon builds another HQ in Long Island where HR has some residential property.

At these levels the valuation looks attractive. The dividend is safe. They don’t have as high a dividend growth outlook as other REITs though. A good hold for a diversified portfolio.

They have quality office buildings with high occupancy. The REIT acts like a long-term bond, so it lags as rates rise. They're streamlining what it's doing in the US, getting out of retail to focus on multi-family housing units. Defensive stocks are starting to hold in, which is good. It's attractively valued. She's holding it for the yield and predicts price appreciation.