TSE:HR.UN

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

9.19
-0.28 (2.96%)
as of Oct 2, 2026, 8:00:00 pm Market Open.
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly One of Canada's largest REITS holding $11.7 billion in assets in North America. Its strategic plan is refocusing on growth orientated residential and industrial properties. They declared a special distribution in additional units and cash valued at $0.40 per unit combined for holders as at year end. The yield is good and backed by a payout ratio under 45%. We recommend placing a stop-loss at $10.50, looking to achieve $15.50 -- upside potential of 25%. Yield 4.5% (Analysts’ price target is $15.50)
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.
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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 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.
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