Professional
Added to YB: 2025-10-16
Pitch date: 2025-10-14
HR-UN.TO [bullish]
H&R Real Estate Investment Trust
-9.65%
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 10.99
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
Pounding the table on H&R REIT
HR-UN.TO: 8-month strategic review w/ Blackstone interest, activist K2 pushing sale. Trades 7.8% implied cap rate vs 4.73% for 50% US multifamily assets. 36% discount to $17 NAV, ECHO retail sale expected $800M (27% mkt cap). CEO confirms buyer interest for major assets. $10M review costs suggest serious negotiations.
Read full article (6 min)