H&R REIT: Fading Risk Should Be Reflected In A Higher Price

Posted on by John Sheehy

Unit Price has sharply underperformed the sector since the onset of COVID Trading at a 44% discount to IFRS Net Asset Value (C$22.11) and less than 9X 2020 AFFO which has been temporarily depressed by COVIDRetail and energy tenants are performing better than feared H&R REIT (TSX:HR/UN)(HRUFF) units have fallen sharply this year due to … Continue reading H&R REIT: Fading Risk Should Be Reflected In A Higher Price

Artis REIT: Break-Up Will Deliver Value, But Who Will Wield The Hammer?

Posted on by John Sheehy

Artis delivered strong 3Q20 operating results with high rent collection and rising FFOCOVID impact has been limited due to portfolio of industrial assets, secondary office markets, and essential retailActivist Sandpiper Group launched a proxy fight to replace 5 of the 7 directorsThe proposed Retail spinoff was postponedOut-of-favor diversified business model has suppressed the market value. … Continue reading Artis REIT: Break-Up Will Deliver Value, But Who Will Wield The Hammer?