Professional
Added to YB: 2025-11-18
Pitch date: 2025-11-16
HR-UN.TO [neutral]
H&R Real Estate Investment Trust
+1.63%
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 9.77
Price Target
15.00 (+51%)
Dividend
7.10%
EV/EBITDA
N/A
P/E
-3.50
EV/Sales
7.27
Sector
Diversified REITs
Category
value
H&R REIT follow-up, a path to a re-rate is near
HR-UN.TO (update): $2.6B asset sales (offices/retail) to transition into 70% US Class A multifamily REIT. Trading at 8% implied cap rate vs peers at 5-6%, creating 30-50% upside potential. Lantower residential portfolio exceptional quality. 46% discount to US peers per TD. Catalyst: becoming pureplay residential name should drive meaningful re-rate.
Read full article (5 min)