Added to YB: 2026-08-27
Pitch date: 2026-08-24
HR-UN.TO [neutral]
H&R Real Estate Investment Trust
-2.63%
current return
Author Info
No bio for this author
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 10.25
Price Target
12.31 (+22%)
Dividend
5.83%
EV/EBITDA
N/A
P/E
-4.75
EV/Sales
6.41
Sector
Diversified REITs
Category
special_situation
H&R REIT: Step Down
HR-UN.TO (hold): Maintains a 'Buy under $10' idea and reports having sold no units because HR never traded above the $11 scale-out level; author states the GO merger has destroyed C$314mm of market value to 8/21 and sees potential upside from deal termination or exercise of dissent rights, estimating a sum-of-the-parts value of C$12.31/unit as of 6/30/26 (before any conglomerate discount) versus GO merger consideration of C$6.77 at the 8/21 price of US$8.54, with pro-forma Lantower REIT illustrative value of C$8.40 after a C$4.28 special distribution.
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