H&R recognizes that its diversified business model is out of favor and that higher valuation can be delivered through "pure play" entitiesH&R disclosed intensification plans for several prime downtown Toronto sites and a huge site in VancouverVery low yields on H&R's unsecured debt suggest the AFFO yield of H&R units is far too high Canadian … Continue reading H&R REIT: Spin-Outs To Unlock Value
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
Unit price has fallen 47% since 2/28, much worse than peers Trading at a 53% discount to its IFRS Net Asset Value (C$21.80) and 8 X 2020 AFFO (C$1.30) which has been temporarily depressed by COVID Diversified business model is unpopular with investors, but heavy COVID impact on retail assets has been balanced by stable … Continue reading H&R REIT: Keep Calm And Call HR
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