H&R Real Estate Investment Trust Third Quarter 2024 Earnings: CA$0.037 loss per share (vs CA$0.14 profit in 3Q 2023)

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

Key Financial Results

• Revenue: CA$200.3m (down 12% from 3Q 2023).
• Net loss: CA$9.72m (down by 126% from CA$37.6m profit in 3Q 2023).
• CA$0.037 loss per share (down from CA$0.14 profit in 3Q 2023).

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

H&R Real Estate Investment Trust Earnings Insights

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the REITs industry in Canada.

Performance of the Canadian REITs industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for H&R Real Estate Investment Trust (1 is significant!) that you need to take into consideration.

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