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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AX.UN
BUY
This one is at the very top of the quality spectrum. They have institutional grade assets. Great buildings, great tenants, good under levered balance sheet.
TOP PICK
A very stable REIT. Won’t disappoint you on the income side. Versus its peers, this is trading at its net asset value, which is a bit of a discount.
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99% occupancy rate. 12 year average lease term. Have on average mortgage term on their debt. Very solid company. Limited operating or financing risk.
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A very high quality company. Have very long lease terms. Revenues are very stable. Trading at a good valuation. Trading at a discount to its net asset value.
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His favourite REIT. The mortgages they have pretty well coincides with the termination of the lease period, so there's not much risk there. It should recover.
TOP PICK
One of his favourite REIT's in terms of valuation. Has been hurt a lot more than its peers. A very high quality asset of real estate buildings. Mostly office, but some industrials.
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You should get a very good move with good names when the market improves. A very conservative REIT. Has long term leases. Keep an eye on it and don't rush out to buy. (Could soften more?)
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A very conservative REIT. High quality, credit worthy tenants. Very little risk. A high quality name that's trading at an average or below average valuation.
PAST TOP PICK
(A Top Pick June 24/05. Down 0.5% not including distributions.) Good consistent cash flow.
TOP PICK
Exposure to both Canada (80%) and the US (20%). A little over half its properties are office, 1/3 industrial and balance in retail, so good diversification. Well priced going forward.
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Commercial real estate 99%+ occupied. Simple formula. Build a building for someone like Puralator, lease it for 20 years, mortgae it for 20 years and lock in the spread. In the current environment of low interest rates, it's a good solid place to put your money.
BUY
A high quality REIT. Very stable and very predictable. Has a long term contractual revenue stream. High credit worthy tenants. Not a lot of risk. One knock against it is that it has an external management team.
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A relatively high quality name. A slower growing trust.
HOLD
Market perform. 6% total return expectation. Execellent managment team, long track record of stable steady growth.
BUY
Great track record. Trading near its all time high. A lot of money is coming into Canada and buying up real estate and driving up valuations. A good, steady, quality, core holding. Long term leases.
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