TSE:HR.UN

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.
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Investor Insights
star iconJul 5, 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 recognized as a classic value stock, particularly after its recent strategic alternative plans that did not culminate in a company sale as initially anticipated. Instead, the company is now focusing on divesting non-core segments and concentrates solely on multi-family properties in the United States and industrial assets in Canada. This refocusing aligns with market trends, especially given the increased pressure on new supply in the Sun Belt region of the U.S. While the pathway ahead requires diligent execution of the strategic plan, investors may potentially benefit from an attractive yield as they wait for value-maximizing opportunities to materialize. The future performance hinges significantly on the company’s ability to successfully implement its new focus and adapt to the evolving real estate landscape.

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Consensus
Positive
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Valuation
Fair Value
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Similar
ESS,ESS
PAST TOP PICK
(Top Pick Apr 4/11, Up 20.26%) Continues to do exceptionally well. Bought Hess building which was excellent for them. Descent yield and well diversified.
WAIT
All these REITs have had a very big move. Valuations are even driven up to account for speculations on take-outs. Earnings were ok recently. He would wait for a pullback.
BUY
REIT’s: It is not too late to buy REITs. They have all had good moves because investors are looking for income. He owns H&R, who just acquired the Chorus building in Toronto. He would own it. Have a program of increasing distributions this year. They are good long-term investments. REITS do well in falling AND rising interest rate environments. Well-diversified portfolio. Don’t put all of your eggs in one basket.
HOLD
Paid $104.95 in Aug /11 for a Series C bond due Jan 12/18. Did I pay too much and what do you think of it? Likes this company. Price paid was high as spreads widened after that and prices fell. (See Top Picks.)
TOP PICK
5.9% convertible bond maturing June 30/20. Comfortable with this company.
PAST TOP PICK
(A Top Pick Feb 7/11. Up 19.7%.) Still a Buy. One of the rare companies where you know the dividend is going to increase in the next couple of years.
TOP PICK
(A Top Pick Apr 20/11. Up 12.78%.) Distribution was cut by 60% during the financial crisis. Aow slowly rebuilding it. Increased distribution every quarter for the last 1.5 years which will continue until the end of this year. By the end of this year they will fully start to monetize some of the value in the BOW in Calgary. Worth $25 which would give you a 14% total return.
TOP PICK
Low multiple of 15 or 16. Payout ratio of only 75%. Very good quality. Long-term hold.
TOP PICK
The Bow in Calgary is essentially almost complete and should have full occupancy by year-end. Save, defensive, high-quality REIT. Over 98% occupancy so has good earnings visibility and she knows that 4.7% distributions will be increasing as occupancy ramps up.
PAST TOP PICK
(A Top Pick May 19/11. Up 7.22%.) 5.196% bond maturing Feb 3/15. Likes the company overall.
TOP PICK
5.9% convertible bond during June 30/20. Underrated so carries a little bit more risk but still gets paid ahead of the common. Yields about 75 more basis points than the underlying dividend on the common.
PAST TOP PICK
(A Top Pick Feb 7/11. Up 17.97%.) All of the REITs have done well. Diversified between office, industrial and retail.
TOP PICK
4.75%. Recovered nicely from a near-death experience. Have repaired their balance sheet. Have room to grow distributions over time. Have full price escalation on a lot of their big projects.
TOP PICK
Almost 5% yield. About 98% occupancy. Most of their clients have credit ratings that are better than theirs.
PAST TOP PICK
(Top Pick Nov. 17/10, Up 27.27% Total Return) Externally managed and management is compensated according to assets under management. One concern is that they ventured into the US and got a large asset on Long Island.
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