Professional
Added to YB: 2025-08-13
Pitch date: 2025-08-11
HR-UN.TO [neutral]
H&R Real Estate Investment Trust
-11.7%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
H&R Real Estate Investment Trust is one of Canada's largest real estate investment trusts. H&R REIT has ownership interests in a Canadian and U.
Market Cap
CAD 2.8B
Pitch Price
CAD 11.25
Price Target
N/A
Dividend
7.10%
EV/EBITDA
N/A
P/E
-3.50
EV/Sales
7.27
Sector
Diversified REITs
Category
special_situation
Elevator thoughts on NCP's REITs - H&R Real Estate Investment Trust
HR-UN.TO (update): Trades at ~45% discount to IFRS NAV despite aggressive writedowns using high cap rates vs peers. Blackstone & pension funds reportedly interested in full acquisition. Company reports Feb 14th. Portfolio mainly industrial & Class A US residential. Substantial return potential if sale materializes.
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