Summer Sale

50% off Premium Yearly

00days
00hrs
00mins
00secs

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.

consensus icon
Consensus
Hold
valuation icon
Valuation
Fair Value
review icon
Similar
Cdn.TO
TOP PICK
5.196% bond maturing Feb 3/15. Good company and their bonds trade at about 1.5% higher than Govt of Canada. As Govt yields rise, the returns will still be positive because the term is so short and the starting yield is higher than the Govt.
TRADE
H&R Reit gives about a 6% yield. Trades about 14x which is expensive.They have really good assets. They like the company and they have decent management. They own the bonds in their portfolios but have found better stories in their equity. In general most Reits will give you a dividend and a couple of percentages ,maybe 8 or 9 % this year.
TOP PICK
(A Top Pick April 28/10. Up 27.64%.) Office and a little bit of industrial. Probably worth $20-$25. One of the best quality names. Long term leases. Long term debt.
PAST TOP PICK
(A Top Pick Nov 25/09. Up 67.23%.) High quality REIT. Big Bow project problems in Calgary are basically behind them. Will come on towards the end of this year with an Encana (ECA-T) lease. This is the only REIT with a visible distribution increase and have increases slated for the next 6 quarters. Still a Buy.
TOP PICK
5.196% Bonds due Feb 3/15. In bonds, still thinks there’s value in the real estate sector and you get a extra 150 to 200 basis points.
TOP PICK
Have advised that payout is going to go up on a steadily appreciating basis over the next 2 years. A well financed REIT allowing them to buy good properties and get the spread.
BUY
They will gradually increase distribution. They still have this huge development in Calgary and will have to sell half. They have been the closest thing to a bond for years. They have been burned and frightened badly once so they will be careful about raising the distribution too much.
WAIT
Has been evolving in a very good manor. As close to a bond as any of the REITS. They have long-term leases and responsible debt. Were caught a number of years ago with Bow Valley. That turned out to be the wrong time. They cut their distribution and now they have come back. Low payout ratio. A little pricey right now. Sold a week ago because the market seemed a little high. It is a quality name.
TOP PICK
Enormous drop in stock price was because they didn’t lock in their financing on their major project, the Bow in Calgary, which is now 94% complete.. Will be having a 25% increase in their 4.4% dividend.
PAST TOP PICK
(A Top Pick Feb 25/10. Up 7.11%.) Bond 5.196% 02/03/2015.
WEAK BUY
Large cap, enjoys substantial liquidity. Good run. Strong management. Not the most aligned because it is externally managed, which he doesn’t like. Thinks you will see an increase in the distribution.
BUY
Expecting surprises on the upside with performance in the neighbourhood of 15%-20% over the next 12 months. BOW tower in Calgary makes up a good deal of the gross leasable area. Will probably continue to make acquisitions and possibly partner with someone on the Bow Tower..
TOP PICK
Will start delivering floors to Encana next year (July) and finish in 2012, cash flowing at that point and will boost H&R’s value then. You are getting a name with average 11-year leases and average 8 years debt duration. Almost a corporate bond. Long duration cash flow and almost a 20% total return.
BUY
Large cap, high quality REIT. Were in the penalty box but have come back a long way. External management, which he doesn’t like.
TOP PICK
Convertible debt at 5.9% maturing June 30/20. Current yield is almost 2% more than the underlying equity pays. Likes the REIT sector as well as this particular company.
Showing 316 to 330 of 507 entries