Professional
Added to YB: 2025-10-07
Pitch date: 2025-10-05
HR-UN.TO [bullish]
H&R Real Estate Investment Trust
-7.38%
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 2.7B
Pitch Price
CAD 11.07
Price Target
15.00 (+46%)
Dividend
5.84%
EV/EBITDA
N/A
P/E
-4.74
EV/Sales
6.41
Sector
Diversified REITs
Category
value
3 REITs NCP expects to outperform - H&R Real Estate Investment Trust
HR-UN.TO: REIT trading at 7.7% cap rate despite portfolio of <10yr Class A US multifamily + quality industrial assets. Blackstone-led consortium exploring full takeout. Activist K2 Associates involved, 2 new trustees added. Recent selling likely institutional panic on deal speculation. Strategic review ongoing since Feb, $9M spent. Multiple liquid asset classes provide downside protection. Target $13.50-$15 (vs current price), expecting strategic review update soon.
Read full article (3 min)