The review is being led by financial adivsers, Trimaven Capital Advisors Inc. and Evercore Partners Canada Ltd.
Huntingdon (TSX:HNT) says it will assess "all proposals and alternatives" at the end of the review on how it can improve the "persistent discount" of its share price, but warned shareholders that there is no guarantee the review will lead to any improvement.
The company points out that it has had success at improving its operating margins and also managed the initial public offering of FAM Real Estate Investment Trust, which delivered a total return of approximately 176 per cent to shareholders.
"Despite these milestones, Huntingdon's shares continue to trade well below IFRS value and do not reflect the true value of Huntingdon's assets and management platform," said Matt Goldfarb, chair of a special committee at Huntingdon charged with overseeing the strategic review.
Huntingdon operates and manages a portfolio of 35 industrial, office, retail and aviation-related properties throughout Canada with a total gross leasable area of 2.7 million square feet.
The company also owns an approximate 29 per cent interest in FAM REIT (TSX:F.UN) and manages, on behalf of FAM REIT, a portfolio of 28 industrial, office, and retail properties throughout Canada with a gross leasable area of 1.8 million square feet.