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

Home

Daily Stock Opinions and Ratings

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.

408 watching

Investor Insights

Jul 4, 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-T) is viewed as a classic value stock, especially after its recent strategic planning which did not lead to an expected sale, but rather focused on optimizing its portfolio. The trust aims to divest non-core assets and concentrate on multi-family properties in the United States and industrial real estate in Canada. This realignment comes at a time when the U.S. Sun Belt market is facing increased pressures from new supply, yet the company offers an attractive yield for investors willing to wait for potential value-maximizing transactions. Additionally, there are rumors of hostile takeover interest, particularly due to the REIT's diverse holdings that include less favored office properties; thus, existing shareholders are advised to hold and see if a better bid materializes in light of the interest from multiple parties. Overall, while there are challenges ahead, the plan appears solid and execution will be key.

Consensus

Hold

Valuation

Undervalued

Similar

AX.UN

TOP PICK

Took on a tremendous risk building the Bow tower in Calgary. Risk outlook is going to get much better. Wonderful contract of 25 years with price escalators and a solid client, Encana (ECA-T). Looking forward, construction and financing costs will be moving into their favour.

DON'T BUY

Quality company. Made a strategical error when they agreed to build the Bow Tower in Calgary for Encana (ECA-T). Original cost was supposed to be $1.1 billion but has gone up to $1.4 billion. Will have to come up with $800 million of financing. Other parts of their portfolio are doing very well. Expects there will be a distribution cut.

PAST TOP PICK

(A Top Pick Nov 2/07. Down 68%.) Picked it expecting they would get financing for the construction of the Bow in Calgary. Better opportunities considering the risk, so Sell.

COMMENT

18.8% yield. Stock is down significantly and he is currently doing a lot of work on this. Big problem is that it committed to building an office tower in Calgary for Encana (ECA-T). Quality tenant but they have not been able to lock down construction costs. Need about $800 million in debt financing, which is not going to be easy. Thinks the market has factored in a distribution cut.

WATCH

What is hurting them is speculation on how they are going to make out with the major Encana project in Calgary. Initially they were going to lay off 75% to pension funds. This has been delayed because of the current mess in the sub prime area. Once he likes the market, this is one he will definitely go into. REITs are exempt from the tax in 2011.

BUY

Developing a $1.4 billion head office in Calgary for Encana. Have invested about $350 million and are looking to secure $900 million of financing. If the credit market stays frozen for an extended period of time, distribution could be at risk.

HOLD

(Market Call Minute.) Still needs more clarity on the financing of the Bow development.

DON'T BUY

Has an issue with the Encana (ECA-T) building in Calgary and will lose a lot of money on this. Valuation on this has to shrink. Have a lot of debt and when they have to renegotiate their deal, interest rates will probably be a lot higher. Bear market in real estate has just started.

Wealthica Track your Stocks in your Watch List

DON'T BUY

As a real estate reit it could have a fair amount of debt. 14.4% is not that high relative to a lot of other reits.

COMMENT

Concentrates on office space. There is a lot of new office space coming in Canada just as demand is starting to decline. Very solid management team. Still unsure if there will be a financing shortfall for them.

STRONG BUY

Developing and building Encana’s (ECA-T) Bow building in Calgary. Looking for a buyer for 50% of the building and he thinks they'll be able to do it. Good quality REIT. Long duration assets and long leases.

BUY

Largest landlord. Building the Bow in Calgary on a cost plus basis, so as construction costs go up, they get more. 9% yield.

BUY

Been under a bit of a cloud because of concerns on the development of the new Encana headquarters in Calgary. This has now been addressed. Also had an issue because of a US retailer going bankrupt, which they walked away from. Asset base is high quality. Growth rate in 3 years is going to be very good.

BUY

Prefers REITS to individual property stocks. Essentially office buildings. Good price.

BUY

Leading office landlord in Canada. 8% yield.

Showing 391 to 405 of 507 entries

Most Recent Experts

Malcolm Ethridge, Mgn. partner, Capital Area Planning Group

Capital Area Planning Group

Kevin Simpson

Capital Wealth Planning

Josh Brown, CEO, Ritholtz Wealth Management

Ritholtz Wealth Management

Michael Hakes - CFA, MBA

Murray Wealth Group

Stephanie Link, Chief investment strategist, Hightower

Hightower

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

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