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

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

11.20

+0.05 (0.45%)

as of Jul 3, 2026, 8:00:00 pm Market Open.

408 watching

Investor Insights

Jul 4, 2026, 12:00 am

This summary was created by AI, based on 2 opinions in the last 12 months.

H&R Real Estate Investment Trust (HR.UN-T) is viewed as a classic value stock, especially after its recent strategic planning which did not lead to an expected sale, but rather focused on optimizing its portfolio. The trust aims to divest non-core assets and concentrate on multi-family properties in the United States and industrial real estate in Canada. This realignment comes at a time when the U.S. Sun Belt market is facing increased pressures from new supply, yet the company offers an attractive yield for investors willing to wait for potential value-maximizing transactions. Additionally, there are rumors of hostile takeover interest, particularly due to the REIT's diverse holdings that include less favored office properties; thus, existing shareholders are advised to hold and see if a better bid materializes in light of the interest from multiple parties. Overall, while there are challenges ahead, the plan appears solid and execution will be key.

Consensus

Hold

Valuation

Undervalued

Similar

AX.UN

HOLD

Likes transition company is making into many assets. Looking into USA sunbelt and industrial assets. Selling office spaces and re-developing others. Work in progress and success will depend on management execution. Hold shares if already own.

DON'T BUY

Office, residential, industrial. Not focused enough for him. Good numbers last quarter. Will probably reinstate dividend soon. It's fine, but not one of his favourites.

BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Restructuring to help significantly. Simplified ring to help debt load. Trading lower than other REITs. Restructuring to help debt load.

HOLD

Diversified portfolio and has done good job of rationalizing it. Will it be able to close the gap to NAV? A 'show me' story.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Jun 29/21, Down 22.3%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with HR.UN has triggered its stop at $12.50. To remain disciplined, we recommend covering the position at this time.

DON'T BUY

Diversified. Yield is healthy at 5.2%, but he doesn't see it growing. If rates start to ratchet up, REIT yields won't look as attractive, especially if the yield can't be increased.

BUY

Owns it in an income-seeking mandate he manages. Office portfolio spun off into PMZ.UN, which makes sense. Total return and income prospects are sustainable and compelling. Comfortable buying at these levels.

PARTIAL BUY

Allan Tong’s Discover Picks H&R boasts sound fundamentals: a 7.3x PE which beats RioCan's 15.9x and Choice Properties' 35x; gross margins are in line with peers; its profit margins edges out those two peers; and the 5.19% dividend yield is safe at a 39.53% payout ratio. Though it's still early, H&R shares have inched up since the spin-off and this REIT is certainly worth watching, unless you want to enter with a partial position. Read 3 Best Canadian industrial REITs in 2022 for our full analysis.

Premium content

Unlock this Panic-proof Portfolio opinion with Stockchase Premium

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Jun 29/21, Down 18.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with HR.UN is advancing, we now recommend trailing the stop to $12.50.

COMMENT

Yield is 4.51% as of yesterday, without the price drop. The market is flip-flopping between cyclicals and interest-sensitives. He owns 4 REITs and has done well, good yields and balance sheets.

HOLD

Spinning out mall business as Primaris. Existing H&R will refocus on multi-family in the US, plus industrial. Office portfolio will be sold down. In time, have to see if markets reward H&R and the spinoff.

WATCH

Focused on the US sunbelt. Office industrial. There is a nice discount. The catalyst could be in the next quarter where they announce a spinout of at least one of their sectors. The new entity could have a better cost of capital or have a better growth rate.

HOLD

Going to try to boost stock price through various engineering initiatives. Not expensive. No real catalyst for growth. Still levered to the energy situation out west. You'll be fine. A nicer way to buy it is to sell a put. Nice distribution.

WAIT

H&R plans to sell a major property He follows it. It's a diversified REIT so are valued very lowly in today's market. It trades at 9x FFO. HR has taken steps to fix their problems, so shareholders must be patient. The underlying value is there. Don't rush to sell it after this tough time, and collect the good dividend. He like Artis REIT with its active management making the fundamental, long-term moves.

BUY

Allan Tong’s Discover Picks At more than 40 million square feet, H&R remains of the largest REIT stocks in Canada. It pays a solid 4.1% dividend at a safe 38.62% payout ratio and trades at only 8.7x compared to 20x by its peers. HR.UN stock has been a tear, rising from $13.25 in early February to around $16.75 now. However, before Covid, this REIT stock was sailing above $23. Returning to that level may be a stretch, there’s likely still room to run, and investors get paid a juicy dividend to wait. Another one for income investors. Read 3 Promising Office and Mall REIT Stocks for our full analysis.

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