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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
Financials 
Technical Analysis 0
Investor Insights
Jun 11, 2026, 12:00 amThis 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.
Consensus
Hold
Valuation
Fair Value
Similar
Cdn.TO
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.
Gavin GrahamOwned
property mngmntinvestment
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.
property mngmntinvestment
TOP PICK
5.9% convertible bond maturing June 30/20. Comfortable with this company.
Hank CunninghamOwned
property mngmntinvestment
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.
Gavin GrahamOwned
property mngmntinvestment
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.
Dennis Mitchell, CFAOwned
property mngmntinvestment
TOP PICK
Low multiple of 15 or 16. Payout ratio of only 75%. Very good quality. Long-term hold.
Charles DillinghamOwned
property mngmntinvestment
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.
Christine PooleOwned
property mngmntinvestment
PAST TOP PICK
(A Top Pick May 19/11. Up 7.22%.) 5.196% bond maturing Feb 3/15. Likes the company overall.
Hank CunninghamOwned
property mngmntinvestment
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.
Hank CunninghamOwned
property mngmntinvestment
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.
Gavin GrahamOwned
property mngmntinvestment
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.
John O'Connell, CFAOwned
property mngmntinvestment
TOP PICK
Almost 5% yield. About 98% occupancy. Most of their clients have credit ratings that are better than theirs.
John O'Connell, CFAOwned
property mngmntinvestment
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.
Dennis Mitchell, CFAOwned
property mngmntinvestment
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