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HRUFF - H&R REIT: This Blue Chip Canadian REIT Has Never Been Cheaper
H&R Real Estate Investment Trust/H&R Finance Trust Stapled Unit
Since Feb. 28, the unit price of H&R REIT (TSX:HR/UN) (HRUFF) has fallen much more sharply than peers in every sector where it has assets and does not fairly reflect the high quality of the company’s assets, stable financial condition, and strong long-term shareholder returns.
H&R’s business has built value for shareholders over time and and the unit price is likely to recover without any significant change in the company’s strategic plan. The peer performance shown above suggests that H&R units should have only declined in a range of 10% ($17.46) to 20%