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
DON'T BUY
Has had a good run, decent run. Look at cap rates with Reits. Sees a lot of upside in the REIT space. They had made bad decisions earlier. They have gone past it. Take profits.
BUY
(Market Minute) A sector that he is really looking at. Happy that when it hits its lows that it has bounced back. Gives him confidence
DON'T BUY
Couldn't secure financing for their Bow building in Calgary until recently but it was expensive. Turn the business around slightly by selling some assets. 5.4% yield is pretty safe. Going forward, the office market in Calgary is going to be soft.
DON'T BUY
Were at risk but cover themselves with some very expensive debt. Wouldn't expect a lot more from this level. Lost quite a lot of money on their Calgary Bow building. Also have some problems in the US. Have done a great recovery and are probably okay.
HOLD
Finances are getting into shape and going forward, people looking for income, will be looking at stocks like this as inflation protection. Thinks the 5.6% distribution will go back up.
STRONG BUY
Payout is about 50%. Distribution is very safe. Very cheap. 6.3% yield.
TOP PICK
High-quality REIT with a diversified office, industrial, retail portfolio. Class A properties with long leases. Have been knocked down because of the Bow, a large development project in Calgary. Financing has now been substantially lined up. Trading at a significant discount to its peers. Payout ratio is only 50%. There could be a substantial increase in distributions.
TOP PICK
REIT sector is starting to pop up on his radar screen. A nice diversified play and one of the lower risks in REITs. Debt to equity and payout ratios is very conservative. Yield of about 6%. Had a big growth opportunity with the Bow project in Calgary, which seems to be fully financed now.
BUY
(Market Call Minute.) Good price.
BUY
Very high-quality institutional portfolio including industrial, office and retail properties along with a 25 year lease on the Encana (ECA-T) Bow property in Calgary. Recently got bank financing as well as doing an equity raise. Seem to be on track but may have to sell some smaller properties. Earning their distributions from their cash flow.
COMMENT
Got into the construction of the Bow in Calgary for Encana (ECA-T) at the wrong time and were badly strapped financially for a long time. Finally got there money and cut their distribution. One of the lowest payout ratios. Should perform reasonably well from here.
COMMENT
They are builders of the Bow building in Calgary and had funding problems. They solved this but at a high cost. Encana (ECA-T) is their main tenant. There is too much space now out West. Hope that commodities stay firm and, most importantly, natural gas recovers.
BUY ON WEAKNESS
Probably undervalued relative to its peers. It is now really 2 different companies. There are the stable REIT assets with major companies as long leased tenants. The other part is the Bow development in Calgary and is probably the reason for most of the stock depreciation. This is now fully financed and going forward will be one of the best assets of any REIT. You'll be able to pick away at it over the summer for a better price.
TOP PICK
Undervalued. Great, high-quality REIT with a well-diversified portfolio including office, industrial and retail Class A real estate. Have gone a long way in addressing some of the financial risks on the Bow project in Calgary. 7.3% yield.
HOLD
They got over the hump. He took his profits. He doesn’t know how much they strained themselves elsewhere.
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