Professional
Added to YB: 2025-10-16
Pitch date: 2025-10-14
HR-UN.TO [bullish]
H&R Real Estate Investment Trust
-10.04%
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 REIT is one of Canada's largest real estate investment trusts with total assets of approximately $9.
Market Cap
CAD 2.6B
Pitch Price
CAD 11.21
Price Target
N/A
Dividend
7.29%
EV/EBITDA
N/A
P/E
-6.31
EV/Sales
7.08
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)