H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $13.3 billion at September 30, 2020. More Details
Undervalued with questionable track record.
Share Price & News
How has H&R Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HR.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: HR.UN's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: HR.UN exceeded the Canadian REITs industry which returned 24.1% over the past year.
Return vs Market: HR.UN exceeded the Canadian Market which returned 37% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is H&R Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StThe H&R Real Estate Investment Trust (TSE:HR.UN) Share Price Is Up 44% And Shareholders Are Holding On
7 months ago | Simply Wall StHere's What We Think About H&R Real Estate Investment Trust's (TSE:HR.UN) CEO Pay
Is H&R Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HR.UN (CA$16.6) is trading below our estimate of fair value (CA$39.93)
Significantly Below Fair Value: HR.UN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HR.UN is good value based on its PE Ratio (8.6x) compared to the Canadian REITs industry average (11.5x).
PE vs Market: HR.UN is good value based on its PE Ratio (8.6x) compared to the Canadian market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HR.UN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HR.UN is good value based on its PB Ratio (0.8x) compared to the CA REITs industry average (0.9x).
How is H&R Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if HR.UN's forecast earnings growth is above the savings rate (1.5%).
Earnings vs Market: Insufficient data to determine if HR.UN's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HR.UN's revenue (1.4% per year) is forecast to grow slower than the Canadian market (5.7% per year).
High Growth Revenue: HR.UN's revenue (1.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HR.UN's Return on Equity is forecast to be high in 3 years time
How has H&R Real Estate Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HR.UN has high quality earnings.
Growing Profit Margin: HR.UN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HR.UN's earnings have declined by 34% per year over the past 5 years.
Accelerating Growth: HR.UN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HR.UN has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (-25.6%).
Return on Equity
High ROE: HR.UN's Return on Equity (9%) is considered low.
How is H&R Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: HR.UN's short term assets (CA$135.0M) do not cover its short term liabilities (CA$437.4M).
Long Term Liabilities: HR.UN's short term assets (CA$135.0M) do not cover its long term liabilities (CA$6.6B).
Debt to Equity History and Analysis
Debt Level: HR.UN's debt to equity ratio (103.7%) is considered high.
Reducing Debt: HR.UN's debt to equity ratio has increased from 101.3% to 103.7% over the past 5 years.
Debt Coverage: HR.UN's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: HR.UN's interest payments on its debt are well covered by EBIT (4.2x coverage).
What is H&R Real Estate Investment Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: HR.UN's dividend (4.16%) is higher than the bottom 25% of dividend payers in the Canadian market (1.53%).
High Dividend: HR.UN's dividend (4.16%) is low compared to the top 25% of dividend payers in the Canadian market (4.45%).
Stability and Growth of Payments
Stable Dividend: HR.UN's dividend payments have been volatile in the past 10 years.
Growing Dividend: HR.UN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: HR.UN is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Hofstedter (66 yo)
Mr. Thomas J. Hofstedter, also known as Tom, has been the President and Chief Executive Officer of H&R Real Estate Investment Trust since December 1996 and H&R Finance Trust since October 2008. Mr. Hofsted...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD2.96M) is about average for companies of similar size in the Canadian market ($USD3.08M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Experienced Management: HR.UN's management team is seasoned and experienced (7.4 years average tenure).
Experienced Board: HR.UN's board of directors are considered experienced (4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
H&R Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
- Name: H&R Real Estate Investment Trust
- Ticker: HR.UN
- Exchange: TSX
- Founded: 1996
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: CA$5.009b
- Market Cap: CA$4.762b
- Shares outstanding: 301.78m
- Website: https://www.hr-reit.com
Number of Employees
- H&R Real Estate Investment Trust
- 3625 Dufferin Street
- Suite 500
- M3K 1N4
H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $13.3 billion at September 30, 2020. H&R REIT has ownership interests in a North American portfolio of h...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/12 04:31|
|End of Day Share Price||2021/06/11 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.