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Home CompaniesH&R Real Estate Investment Trust

H&R Real Estate Investment Trust

Real Estate REIT - Diversified
PortfolioPortfolio WatchlistWatchlist
Company price
9.675 CAD -0.03 ( 0.26%)
Last update at 2026-11-05T20:43:00Z
VOLUME
270629
Market Cap
2760.64M

Momentum Score

…

H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $11.1 billion as at September 30, 2023. H&R REIT has ownership interests in a North American portfolio comprised of high-quality residential, industrial, office and retail properties comprising over 27.1 million square feet. H&R's strategy is to create a simplified, growth-oriented business focused on residential and industrial properties in order to create sustainable long term value for unitholders. H&R plans to sell its office and retail properties as market conditions permit. H&R's target is to be a leading owner, operator and developer of residential and industrial properties, creating value through redevelopment and greenfield development in prime locations within Toronto, Montreal, Vancouver, and high growth U.S. sunbelt and gateway cities.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
9.56
Low
9.73
High
52 Week Price Range
8.25
Low
12.50
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

H&R Real Estate Investment Trust is a Canadian income-focused REIT that owns and manages a diversified portfolio of commercial and residential properties across Canada and the U.S., generating revenue primarily from leasing and property services. Long-term growth may be supported by active portfolio management, selective acquisitions, urban rental demand and secular shifts that increase logistics and industrial space needs. Investors may find it attractive for relatively predictable cash flows and portfolio diversification within real estate.

Key risks include sensitivity to interest rates and financing costs, ongoing weakness in office demand, tenant concentration and broader real-estate market cyclicality.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
9.70
Dividend Yield
6.18%
Revenue TTM
916.48M
Revenue Per Share
3.46
Gross Profit TTM
586.73M
Debt / Equity
0.72
ROE
-0.78%
Net Debt
3876.05M
ROCE
-0.78%
Diluted EPS TTM
-0.12

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 946.26M 603.45M -678.30M 375.67M 378.13M
Net income 844.82M 597.91M -624.56M 340.29M 337.92M
Selling general administrative - - - 27.29M 18.27M
Gross profit 534.95M 661.58M 663.67M 710.98M 733.93M
Ebit -78.93M 560.90M -463.40M 610.29M 751.57M
Ebitda 506.68M 756.49M 651.82M 708.05M 623.17M
Depreciation and amortization 585.61M 195.59M 1115.21M 97.75M -
Operating income -78.93M 560.90M -463.40M 610.29M 715.66M
Other operating expenses 321.81M 431.73M 449.31M 465.77M 460.90M
Interest expense 152.18M 216.85M 214.90M 234.62M 245.04M
Tax provision 101.44M 5.54M -53.74M 35.38M 40.22M
Interest income 14.79M 17.23M 33.40M 32.69M 8.64M
Net interest income -205.47M -219.65M -195.47M -241.46M -258.45M
Income tax expense 101.44M 5.54M -53.74M 35.38M 40.22M
Total revenue 834.64M 1065.38M 1098.68M 1149.45M 1176.56M
Total operating expenses 22.12M 27.94M 14.30M 27.29M 18.27M
Cost of revenue 299.69M 403.80M 435.01M 438.48M 442.63M
Total other income expense net 1025.19M 42.54M -214.90M -234.62M -337.53M
Net income from continuing ops 844.82M 597.91M -624.56M 340.29M 337.92M
Net income applicable to common shares 844.82M 597.91M -624.56M 340.29M 337.92M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 11412.60M 10501.14M 13355.44M 14483.34M 14691.01M
Other current assets 420.85M 69.54M 293.03M 193.29M 155.12M
Total liab 5925.32M 5727.31M 7284.05M 7439.43M 7490.91M
Total stockholder equity 5487.29M 4773.83M 6071.39M 7043.92M 7200.10M
Other current liab 240.47M 279.76M -196.16M -550.41M 30.98M
Common stock 5124.27M 5417.42M 5391.77M 5389.50M 5366.46M
Capital stock 5124.27M 5417.42M 5391.77M 5389.50M 5366.46M
Retained earnings -94.81M -779.85M 519.79M 1407.92M 1461.81M
Other liab 1491.90M 1264.02M 360.59M 422.20M 412.24M
Other assets 1019.56M 698.43M 845.00M 1206.17M 501.72M
Cash 76.89M 124.14M 62.86M 48.64M 53.07M
Total current liabilities 1261.25M 311.20M 327.01M 286.19M 535.06M
Current deferred revenue 1008.28M 31.45M 35.35M 41.56M 24.03M
Net debt 3876.05M 3799.89M 6335.79M 6359.22M 6493.00M
Short term debt 12.50M - 487.82M 795.04M 331.94M
Short long term debt 12.50M - 487.82M 581.94M 352.55M
Short long term debt total 3952.94M 3924.03M 6398.65M 6407.86M 6546.07M
Other stockholder equity 457.83M 136.26M 159.84M 246.50M 371.82M
Property plant equipment 8829.73M 8610.22M 11179.47M 12020.35M 12683.71M
Total current assets 672.24M 390.82M 643.69M 809.08M 317.50M
Long term investments 1060.27M 992.68M 955.47M 1002.77M 1284.98M
Net tangible assets 5487.29M 4773.83M 6071.39M 7043.92M 7200.10M
Net receivables 174.51M 197.14M 290.26M 566.39M 109.31M
Long term debt 3910.03M 3894.91M 5880.50M 6375.86M 6546.07M
Accounts payable 181.53M 204.72M -238.45M -609.18M 148.11M
Accumulated other comprehensive income 457.83M 136.26M 159.84M 246.50M 371.82M
Non currrent assets other 9680.09M 9117.64M 11756.29M 12671.49M 13088.52M
Non current assets total 10740.36M 10110.32M 12711.75M 13674.26M 14373.51M
Capital lease obligations 30.41M 29.12M 30.34M 32.00M 0.00M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 225.95M 65.13M 8.20M 253.94M 110.60M
Change to liabilities -25.15M 50.42M 33.77M 17.30M -3.62M
Total cashflows from investing activities 225.95M 1495.81M -183.24M -5.41M 175.19M
Net borrowings -51.13M -1647.19M 34.23M -29.18M -111.32M
Total cash from financing activities -528.26M -1886.64M -229.47M -417.06M -626.52M
Change to operating activities 6.03M -3.67M -9.12M -25.00M 7.69M
Net income 844.82M 597.91M -624.56M 340.29M 337.92M
Change in cash -47.25M 61.28M 14.22M -4.43M 10.79M
Begin period cash flow 124.14M 62.86M 48.64M 53.07M 42.28M
End period cash flow 76.89M 124.14M 62.86M 48.64M 53.07M
Total cash from operating activities 255.05M 452.11M 426.93M 418.04M 462.12M
Issuance of capital stock - - - 6.30M 0.01M
Depreciation - - 898.44M -185.28M -
Other cashflows from investing activities -17.91M 902.57M 0.20M 3.17M 12.44M
Dividends paid 179.74M 227.31M 263.57M 394.18M 378.94M
Change to account receivables 0.81M 6.18M -8.26M 1.04M -1.74M
Sale purchase of stock -297.39M 0.00M -0.12M 0.00M -136.27M
Other cashflows from financing activities 250.00M 645.67M 861.48M 938.51M 1278.99M
Change to netincome -569.56M -178.04M 1049.00M 94.76M 119.88M
Capital expenditures 35.58M 47.09M 52.98M 64.23M 57.83M
Change in working capital -24.90M 27.68M -0.18M -19.36M 2.34M
Stock based compensation 6.76M 8.22M -10.34M 10.14M 2.41M
Other non cash items -671.75M -186.17M 1116.01M 51.70M 80.00M
Free cash flow 219.47M 405.02M 373.95M 353.81M 404.30M

Peer Comparison*

Sector: Real Estate Industry: REIT - Diversified

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
HR-UN
H&R Real Estate Investment Trust		 -0.03
0.26%		 9.68 - 7.46 3.01 0.47 7.23 85.97
CRR-UN
Crombie Real Estate Investment Trust		 0.26
1.59%		 16.59 684.50 24.15 5.73 1.35 10.81 14.46
RFA
RFA Financial Inc.		 1.02
4.41%		 24.14 - 16.53 6.08 1.12 9.76 82.04
MRT-UN
Morguard Real Estate Investment Trust		 -0.02
0.28%		 7.00 - 5.56 1.35 0.35 6.44 -19.12
MPCT-UN
Dream Impact Trust		 -0.04
3.31%		 1.17 - 24.45 5.16 0.23 6.40 7.24

Profile*

H&R Real Estate Investment Trust

H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $11.1 billion as at September 30, 2023. H&R REIT has ownership interests in a North American portfolio comprised of high-quality residential, industrial, office and retail properties comprising over 27.1 million square feet. H&R's strategy is to create a simplified, growth-oriented business focused on residential and industrial properties in order to create sustainable long term value for unitholders. H&R plans to sell its office and retail properties as market conditions permit. H&R's target is to be a leading owner, operator and developer of residential and industrial properties, creating value through redevelopment and greenfield development in prime locations within Toronto, Montreal, Vancouver, and high growth U.S. sunbelt and gateway cities.

3625 Dufferin Street, Toronto, ON, Canada, M3K 1N4

(416) 635-7520

https://www.hr-reit.com

Name Title Year Born
Mr. Thomas J. Hofstedter CEO & Exec. Chairman 1954
Mr. Larry Froom C.A., CPA, CA, CPA Chief Financial Officer NA
Ms. Robyn Kestenberg Exec. VP of Office & Industrial NA
Mr. Philippe Lapointe Pres NA
Mr. Blair Kundell Exec. VP of Operations NA
Ms. Cheryl Fried CPA, C.A., CPA, CA Exec. VP of Fin. NA
Ms. Brenda Huggins Sr. VP of HR of Primaris NA
Colleen Grahn Pres of Property Management- Lantower Residential NA
Ms. Emily Watson Chief Operating Officer of Property Management - Lantower Residential NA
Mr. Matthew Kingston Exec. VP of Devel. & Construction NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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