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. It is the second largest REIT in Canada behind RioCan REIT (RIOCF) (TSX:REI.UN). The REIT has done an excellent job maintaining its occupancy ratio in the past two decades. In addition, it has also maintained an improving balance sheet. With a healthy development pipeline and an undervalued share price, I believe H&R Real Estate Investment Trust is a good investment choice for income investors.
Source: Company Presentation
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