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.
408 watching
0
Investor Insights
star iconJul 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.

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Consensus
Hold
valuation icon
Valuation
Undervalued
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Similar
AX.UN
DON'T BUY
This is closest to a bond of any REIT around. It has slow growth with long-term leases and very high-quality portfolio. They have not insulated their debt and there is concern that the cost of money is going up.
COMMENT
She prefers individual names as opposed to an index. Very stable, not a lot of up or down side.Don't like that it has external management. But it's a very high quality which overcomes that.
PAST TOP PICK
(A Top Pick Nov 1/06. Up 8.7%.) Still a Buy. Continues to be global demand for Canadian real estate.
TOP PICK
Trading under book value. At a value that is worth while buying.
BUY
Large cap reit. Buy assest that are key to grade A tenents. A great name, very strong. Going in yield is 5.5%, 3-5 years out, could be 7-8% yield.
TOP PICK
Has under performed. Has long-term leases and is very conservative. The only negative is that it has outside management, which takes all kinds of contracts and fees. Conservative.
BUY
Their strategy is to buy assets that are core to A credit tenants that are matched with long-term leases and long-term debts. Less internal growth but very stable. Attractive price.
BUY
One of the better managed REITs. If you are a long-term investor, REITs are not a bad place to be. Relatively good distribution and is pretty safe.
PAST TOP PICK
(A Top Pick Nov 1/06. Up 14%.) A lot of REITs are hitting their all-time highs. This is one of the most blue-chip ones.
BUY
A commercial diversified with office, industrial and retail and is across the entire country. Perfect name for long-term hold, income and safety of capital. Match long-term property leases with long-term debt.
TOP PICK
Everyone should have a REIT. Built a building for Encana (ECA-T) in Calgary and are leasing it back to them for 25 years. This is typical. 5% distribution which is good in this low yield world.
BUY ON WEAKNESS
Very large commercial diversified. Their strategy is to own core real estate to good credit tenants. Good management. Externally managed and doesn't think it will be internalized anytime soon. A good core name.
BUY
Very open disclosures on their finances. Their strategy is to buy core properties with very good tenants. Long-term leases. Very stable name and offers a better yield than some of its competitors. Great management.
DON'T BUY
Has it as a “Market Perform”. Growth rate on their property portfolio is contracting.
HOLD
Good name. Hold at these levels.
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