HR.UN Stock Overview
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 Real Estate Investment Trust Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$13.51|
|52 Week High||CA$17.27|
|52 Week Low||CA$11.68|
|1 Month Change||3.29%|
|3 Month Change||4.81%|
|1 Year Change||-14.06%|
|3 Year Change||-42.07%|
|5 Year Change||-38.87%|
|Change since IPO||21.71%|
Recent News & Updates
|HR.UN||CA REITs||CA Market|
Return vs Industry: HR.UN underperformed the Canadian REITs industry which returned -0.4% over the past year.
Return vs Market: HR.UN underperformed the Canadian Market which returned 4.3% over the past year.
|HR.UN Average Weekly Movement||3.8%|
|REITs Industry Average Movement||3.5%|
|Market Average Movement||9.8%|
|10% most volatile stocks in CA Market||16.7%|
|10% least volatile stocks in CA Market||4.2%|
Stable Share Price: HR.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HR.UN's weekly volatility (4%) has been stable over the past year.
About the Company
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 high quality office, retail, industrial and residential properties comprising over 40 million square feet.
H&R Real Estate Investment Trust Fundamentals Summary
|HR.UN fundamental statistics|
Is HR.UN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HR.UN income statement (TTM)|
|Cost of Revenue||CA$380.29m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||4.81|
|Net Profit Margin||143.04%|
How did HR.UN perform over the long term?See historical performance and comparison
3.8%Current Dividend Yield
Is H&R Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HR.UN (CA$13.51) is trading below our estimate of fair value (CA$29.47)
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 (2.8x) compared to the Canadian REITs industry average (6.4x).
PE vs Market: HR.UN is good value based on its PE Ratio (2.8x) compared to the Canadian market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: HR.UN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: HR.UN is good value based on its PB Ratio (0.7x) 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 2 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HR.UN's earnings are forecast to decline over the next 3 years (-61.7% per year).
Earnings vs Market: HR.UN's earnings are forecast to decline over the next 3 years (-61.7% per year).
High Growth Earnings: HR.UN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HR.UN's revenue is expected to decline over the next 3 years (-3.6% per year).
High Growth Revenue: HR.UN's revenue is forecast to decline over the next 3 years (-3.6% 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?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HR.UN has a large one-off gain of CA$1.2B impacting its March 31 2022 financial results.
Growing Profit Margin: HR.UN's current net profit margins are higher than last year (49.5%).
Past Earnings Growth Analysis
Earnings Trend: HR.UN's earnings have declined by 5.9% per year over the past 5 years.
Accelerating Growth: HR.UN's earnings growth over the past year (153.8%) exceeds its 5-year average (-5.9% per year).
Earnings vs Industry: HR.UN earnings growth over the past year (153.8%) underperformed the REITs industry 160.8%.
Return on Equity
High ROE: HR.UN's Return on Equity (25.4%) is considered high.
How is H&R Real Estate Investment Trust's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: HR.UN's short term assets (CA$197.2M) do not cover its short term liabilities (CA$272.2M).
Long Term Liabilities: HR.UN's short term assets (CA$197.2M) do not cover its long term liabilities (CA$5.5B).
Debt to Equity History and Analysis
Debt Level: HR.UN's net debt to equity ratio (72.6%) is considered high.
Reducing Debt: HR.UN's debt to equity ratio has reduced from 93.2% to 74.8% over the past 5 years.
Debt Coverage: HR.UN's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: HR.UN's interest payments on its debt are well covered by EBIT (3.1x coverage).
What is H&R Real Estate Investment Trust current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HR.UN's dividend (3.85%) is higher than the bottom 25% of dividend payers in the Canadian market (1.88%).
High Dividend: HR.UN's dividend (3.85%) is low compared to the top 25% of dividend payers in the Canadian market (4.99%).
Stability and Growth of Payments
Stable Dividend: HR.UN's dividend payments have been volatile in the past 10 years.
Growing Dividend: HR.UN's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: HR.UN is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (37.8%), HR.UN's dividend payments are well covered by cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Hofstedter (67 yo)
Mr. Thomas J. Hofstedter, also known as Tom, served as the President of H&R Real Estate Investment Trust since December 1996 and serves as its Chief Executive Officer since December 1996 and serves as its...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD2.80M) is about average for companies of similar size in the Canadian market ($USD3.41M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Experienced Management: HR.UN's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Experienced Board: HR.UN's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HR.UN 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 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$3.859b
- Market Cap: CA$3.618b
- Shares outstanding: 293.02m
- Website: https://www.hr-reit.com
Number of Employees
- H&R Real Estate Investment Trust
- 3625 Dufferin Street
- Suite 500
- M3K 1N4
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/17 00:00|
|End of Day Share Price||2022/05/17 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.