TSE:HR.UN

H&R Real Estate Inv Trust (HR.UN.TO)

11.18
+0.10 (0.90%)
as of Jul 24, 2026, 8:00:00 pm Market Open.
408 watching
0
Investor Insights
star iconJul 25, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

H&R Real Estate Investment Trust (HR.UN-T) has been identified as a classic value stock with a focus on strategic alternatives. Recent efforts to divest non-core segments did not culminate in a company sale, but rather led to a more realistic approach of concentrating on multi-family properties in the U.S. and industrial assets in Canada. The plan has its merits, primarily revolving around execution, given the pressure from new supply, especially in the Sun Belt region. Investors can benefit from an attractive yield as they wait for potential value-maximizing transactions. Overall, while there are challenges to navigate, the strategic refocus provides a foundation for future growth and stability.

consensus icon
Consensus
Positive
valuation icon
Valuation
Undervalued
review icon
Similar
BBD.B
STRONG BUY

Really likes this stock below $25. Very high quality REIT. Long lease terms. Have refinanced. As Calgary’s Bow occupancy increases, they have indicated they will be increasing distributions. Expect money will flow back into high-yielding stocks as interest rates will stay low until 2015 according to Bernanke. Your 5.1% distribution yield plus 5% capital upside gives you a 10% total return.

BUY

This is a good one. They are going to be increasing their payouts and have said when they are going to do so. This is because they halved the payout when they hadn't financed an acquisition in Calgary several years ago. 4.9% distribution. Nice mixture of office, retail and industrial. Good diversification.

BUY

REITs have done really, really well. Over the last few weeks, they had been consolidating some of the gains that they have had earlier in the year. Thinks the real estate theme will continue for quite some time because you are going to get nice dividend growth. This REIT is in AAA office space in the office market in Canada has very high occupancy. Doesn’t expect long-term rates are going to rise.

TOP PICK

Very high quality REIT, primarily focused on commercial/industrial. The Bow in Calgary, which is their project, is starting to fill up. As occupancy increases, they have stated they will be increasing distributions. Expects distributions will increase by 12% from here to 2013. Very low lease expiry risk.

PAST TOP PICK

(Top Pick Feb 27, 2009, Up 329.99% Total Return)

COMMENT
One of the core names in Canada. Commercial diversified. He would prefer it at around $23 to get a 12% return but if you are comfortable with a 6.5% return, you could step him at this level.
DON'T BUY
Own office, residential, retail. Their acquisition of Scotia Plaza is not necessarily a bad play because vacancy rates in Canada re rational. He owns their debt. Thinks it is a late cycle story.
BUY
Nicely diversified with office, industrial and retail. Stock is being held back because he thinks the market is expecting and equity offering. REIT valuations are quite high so you really have to be picky. Prefers Morguard (MRC-T), which is trading at about 60% discount to REITs with a very smart management team.
BUY
Diversified portfolio, mainly office/industrial. At this price, it probably offers a 13%-14% return.
TOP PICK
4.8% dividend and going higher. Large cap REIT, one of his favorites. Distribution will rise to $1.25 and it has been publicized. Very little sensitivity to rising rates. Units could rise about 8%.
TOP PICK
Commercial REIT. Very high occupancy at over 99%. Lease term is as long as 11 years. The Bow in Calgary is near completion and Encana (ECA-T) will start moving in. They have indicated they will be increasing the distribution.
PAST TOP PICK
(Top Pick Apr 20/11, Up 21.13% Total Return) Great core holding.
PAST TOP PICK
(A Top Pick April 5/11. Up 7%.)
TOP PICK
Extremely good portfolio. Gradually bringing the distribution up. They are improving as a major overall structure. Very low debt. 8% distribution.
TOP PICK
For the yield. Highly defensive REIT. For the income investor. Very high quality property REIT, occupancy over 90%. Matched financing to rent. Distribution will increase. 10’ish% total return on investment.
Showing 271 to 285 of 507 entries