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  5. HR.UN: It is clear from your answers that you do not like HR much (at all? [H&R Real Estate Investment Trust]
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Q: It is clear from your answers that you do not like HR much (at all?), Can you add some granularity to this view? Thank-you.

Asked by Alex on January 25, 2021
5i Research Answer:

There are a few reasons. The retail sector of course is not great; the company has cut its distribution. Debt is high and there is essentially no growth. On a per unit basis, even with a 2021 recovery, cash flow per unit is expected to be about the same level as nine years ago.