TSX:HR.UNREITs
H&R REIT (TSX:HR.UN) Stock Hinges On Breakup Plan And Softer FFO
H&R Real Estate Investment Trust came into this earnings day with a unit price that drifted lower in recent weeks and a reputation as a complex turnaround REIT. The market now has to weigh a modestly softer operations quarter against a sweeping breakup plan and merger that reshape the entire investment case.
The headline is not the quarter’s profit in the traditional sense. It is that funds from operations of CA$69.1 million sit beside a major portfolio sale and GO REIT combination that...