TSE:HR.UN

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

11.18
+0.10 (0.90%)
as of Jul 24, 2026, 8:00:00 pm Market Open.
408 watching
0
Investor Insights
star iconJul 25, 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 identified as a classic value stock with a focus on strategic alternatives. Recent efforts to divest non-core segments did not culminate in a company sale, but rather led to a more realistic approach of concentrating on multi-family properties in the U.S. and industrial assets in Canada. The plan has its merits, primarily revolving around execution, given the pressure from new supply, especially in the Sun Belt region. Investors can benefit from an attractive yield as they wait for potential value-maximizing transactions. Overall, while there are challenges to navigate, the strategic refocus provides a foundation for future growth and stability.

consensus icon
Consensus
Positive
valuation icon
Valuation
Undervalued
review icon
Similar
BBD.B
TOP PICK
Built the Bow office building in Calgary and hadn't locked in the tenant before the financial crisis hit. Raising its dividend by $.20 over the next year.
BUY
Excellent company. This one is closest to a bond in the business. Tend to have long-term leases. Just did a major stock issue. Very low payout ratio. 5% yield.
DON'T BUY
Still have to finance their Calgary Bow building at some point. That will be an issue hanging over them until they figure out what to do. Brought the distribution way down but are gradually bringing it up. Good long term leases. Income level is at its lowest right now, so not terribly exciting. 5% yield.
WEAK BUY
Excellent managers. Stock price has fallen more than rest of sector. More with development side so there is a feeling you will see some softness.
COMMENT
Got into trouble a couple of years ago with the BOW building in Calgary but this is going to prove to be a home run. You can count on the distribution. Not enough ownership by the principals.
BUY
Payout ratio is extremely low and they are low on debt. In the past, they were the closest to being a bond because of very long-term leases with an edging up of the rents. Will be increasing their distributions for a while.
BUY
Recently purchased a $400 million office building in Long Island with a long-term lease. Compelling value at these levels.
PAST TOP PICK
(A Top Pick June 18/10. Up 34.65%.)
COMMENT
The Bow in Calgary is pretty much completed and they will be leasing it out at full value. The recovery has been embedded in the stock price. Doesn't say much capital gains but the 5% yield is good for a conservative play.
PAST TOP PICK
(A Top Pick July 2/10. Up 33.31%.) You can still buy this one on dips. It has some growth in it. Don't chase the REITs.
PAST TOP PICK
(Top Pick Jun 28’10, Up 34.58%) This is the biggest weighting of REITs in his portfolio. Average of 99% occupancy. Can raise capital at 4.5%, gets 5% yield with a little bit of growth. 3% cash flow growth. Core position. Won’t sell any time soon. Cheap relative to US REITs.
TOP PICK
Feels it trades at quite a discount to its peers. Just in the finishing stages of the big complex they bought in Calgary. This company has very high occupancy rates, good growth and a lot of projects in the pipeline. 4%+ dividend.
TOP PICK
5% due Dec 1/18. Attractive yield. Starting yield higher than Government of Canada means it is likely to have a positive rate of return in the next 12 months. This one is undervalued in the bond market.
BUY
The most tax efficient income he can deliver to his unit holders. He always looks for free cash flow in a business. REITS have had a good recovery off the bottom but are not back all the way. 8-12% returns over the next year.
PAST TOP PICK
(A Top Pick April 28/10. Up 35.48%.) Good quality name.
Showing 301 to 315 of 507 entries