2024-05-20 11:00:00 ET
Summary
- H&R Real Estate Investment Trust is strategically repositioning its portfolio by offloading retail and office properties and focusing on residential and industrial properties.
- The big yield is supported by a 50% payout ratio.
- Office segment valuation is more compelling compared to the popular Canadian office REITs.
All values are in CAD unless noted otherwise.
H&R Real Estate Investment Trust (HR.UN:CA) (HRUFF) owns a portfolio of 382 investment properties spanning around 27 million square feet. The assets comprise retail, industrial, residential, and office properties in Canada and the United States....
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H&R REIT: 6.3% Yield With A 50% Payout Ratio