H&R REIT (TSX:HR/UN) (HRUFF) units have fallen sharply this year due to fears about its Canadian malls and office exposure to energy tenants. Favorable news in both areas has not been reflected in the price. High rent collection and access to debt financing on attractive terms put the company in strong financial condition to survive the recession. The dividend reduction was a prudent move to conserve cash, but management recently expressed a desire to repurchase shares, and insiders have been buying. H&R's business has built value for shareholders over time and the unit