H&R Real Estate Investment Trust Full Year 2024 Earnings: Beats Expectations

H&R Real Estate Investment Trust (TSE:HR.UN) Full Year 2024 Results

Key Financial Results

• Revenue: CA$819.5m (down 9.3% from FY 2023).
• Funds from operations (FFO): CA$334.4m (down 10% from FY 2023).
• FFO margin: 41% (in line with FY 2023).
• FFO per share: CA$1.3 (down from CA$1.42 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

H&R Real Estate Investment Trust Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the REITs industry in North America.

Performance of the market in Canada.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that H&R Real Estate Investment Trust is showing 2 warning signs in our investment analysis and 1 of those is a bit concerning...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.