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TSE:HR.UN

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

11.39
+0.90 (8.58%)
as of Jun 11, 2026, 8:00:00 pm Market Open.
408 watching
0
Investor Insights
star iconJun 11, 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) is currently viewed as a classic value stock with a strategic pivot towards focusing on multi-family properties in the U.S. and industrial assets in Canada. Despite recent attempts to explore strategic alternatives leading to an expected non-sale, there is a commitment to reduce non-core assets and refocus operations. Experts note the ongoing pressures in the Sun Belt region related to new supply, yet they highlight an attractive yield for investors biding their time. Additionally, there is mention of potential interest in the company in light of a recent hostile takeover attempt, with speculations of possible higher bids emerging, reinforcing the stock's re-evaluation amidst market conditions.

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Consensus
Hold
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Valuation
Fair Value
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Cdn.TO
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.
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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