HRUFF - H&R Real Estate Investment Trust's Strategy Will Be Beneficial In The Long Term
Investment Thesis
H&R Real Estate Investment Trust (HRUFF) (TSX: HR.UN) owns a portfolio of high-quality office, retail, industrial, and residential properties in North America. The company's strategy to sell its retail properties in the U.S. and focus on residential developments will be beneficial for the following two reasons: (1) retail properties continue to face strong headwind due to the rise of e-commerce; (2) demand for residential properties is expected to remain high in the United States. H&R is currently trading at an attractive valuation to its historical average. Therefore, we believe H&R offers