Professional
Added to YB: 2024-12-05
Pitch date: 2024-12-03
HR-UN.TO [bullish]
H&R Real Estate Investment Trust
+20.81%
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 8.51
Price Target
N/A
Dividend
7.29%
EV/EBITDA
N/A
P/E
-6.31
EV/Sales
7.08
Sector
Diversified REITs
Category
value
Investment idea: H&R REIT
HR-UN.TO: Diversified REIT, 70% industrial/US residential. Trades at 8.18% cap rate, 50% NAV discount. $800M ECHO retail sale by 2025. Proven asset sales. 50/50 CAN/US assets. Potential US residential spinoff ($3.8B). Low debt, 6% yield. Upside from dispositions, buybacks. CEO expects big moves in 12-18 months.
Read full article (5 min)