Entering text into the input field will update the search result below

H&R REIT: Giftwrapped With A Bow


  • We were bullish the last time we covered this REIT and that bullishness stemmed from a belief that a big disposition should be coming soon.
  • Well, that happened.
  • We go over the big news and what this means for our thesis.
  • Looking for a helping hand in the market? Members of Conservative Income Portfolio get exclusive ideas and guidance to navigate any climate. Learn More »

Happy woman carrying large gift box on footpath
Klaus Vedfelt/DigitalVision via Getty Images

All values are in CAD unless noted otherwise.


We have been bullish on H&R Real Estate Investment Trust (OTC: OTCPK:HRUFF) (TSX: HR.UN) for some time now. In our last piece, we opined that if this diversified

Are you looking for Real Yields which reduce portfolio volatility?

Conservative Income Portfolio targets the best value stocks with the highest margins of safety. The volatility of these investments is further lowered using the best priced options. Our Cash Secured Put and Covered Call Portfolios are designed to reduce volatility while generating 7-9% yields. We focus on being the house and take the opposite side of the gambler.

Learn more about our method & why it might be right for your portfolio.

This article was written by

Trapping Value profile picture
Trapping Value is a team of analysts with over 40 years of combined experience generating options income while also focusing on capital preservation. They run the investing group Conservative Income Portfolio in partnership with Preferred Stock Trader. The investing group features two income-generating portfolios and a bond ladder. Trapping Value provides Covered Calls, and Preferred Stock Trader covers Fixed Income. The Covered Calls Portfolio is designed to provide lower volatility income investing with a focus on capital preservation. The fixed income portfolio focuses on buying securities with high income potential and heavy undervaluation relative to comparatives. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Comments (8)

frankie777 profile picture
Thank you for the article! HR is making the right strategic moves here, unitholders would greatly benefit from the diversified portfolio after the pandemic ends.

While reviewing their portfolio list, I noticed most of their industrial properties has 50% ownership. At first I thought the other half are owned by Finnings International because they are one of HR's biggest industrial tenant, but I can't find any information related to this. It's a bit strange to me, do you know if they have a partner in industrial properties?
BeaBaggage profile picture
take a 'bow'..!
Nice write up, that special dividend should be interesting. I bought a decent amount last year, happy with the current performance and those monthly dividends, even if they did get cut in half.
TV you signalled this transaction nicely on your previous write-up. Very well done. This kind of attention to detail is EXTREMELY rare among Seeking Alpha writers, particularly on smaller names. Well done!
@G C Funny how one of Canada's largest REIT's is considered small. I think its like the 6th largest.
Matthew Brown profile picture
Seems to be a very favourable transaction. Hopefully we get some cap gains & dividend increases coming soon.
Trapping Value profile picture
Oops...forgot disclosure. I am long HR.UN with covered calls currently.
Jambr403 profile picture
@Trapping Value - good article. What CCs look good premium wise right now for HR-UN?
Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.