H&R Real Estate Investment Trust Past Earnings Performance

Past criteria checks 0/6

H&R Real Estate Investment Trust has been growing earnings at an average annual rate of 6.8%, while the REITs industry saw earnings growing at 9.4% annually. Revenues have been declining at an average rate of 14.6% per year.

Key information

6.8%

Earnings growth rate

6.4%

EPS growth rate

REITs Industry Growth	9.9%
Revenue growth rate	-14.6%
Return on equity	-5.3%
Net Margin	-29.9%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How H&R Real Estate Investment Trust makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:HR.UN Revenue, expenses and earnings (CAD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	875	-262	26
30 Jun 24	887	-215	21
31 Mar 24	884	-1	23
31 Dec 23	904	62	24
30 Sep 23	916	-43	28
30 Jun 23	915	-202	23
31 Mar 23	910	-30	23
31 Dec 22	886	845	22
30 Sep 22	932	1,169	16
30 Jun 22	981	1,426	23
31 Mar 22	1,038	1,408	30
31 Dec 21	1,097	598	28
30 Sep 21	-160	501	33
30 Jun 21	-246	614	34
31 Mar 21	-183	555	30
31 Dec 20	1,139	-625	14
30 Sep 20	2,414	-573	-4
30 Jun 20	2,520	-751	0
31 Mar 20	2,482	-678	-7
31 Dec 19	1,194	340	27
30 Sep 19	1,203	238	44
30 Jun 19	1,205	274	40
31 Mar 19	1,211	273	40
31 Dec 18	1,212	338	18
30 Sep 18	1,252	602	14
30 Jun 18	1,285	575	12
31 Mar 18	1,225	620	11
31 Dec 17	1,222	668	18
30 Sep 17	1,114	483	21
30 Jun 17	1,109	518	24
31 Mar 17	1,248	469	33
31 Dec 16	1,252	389	30
30 Sep 16	1,428	209	25
30 Jun 16	1,420	261	18
31 Mar 16	1,349	276	8
31 Dec 15	1,352	340	9
30 Sep 15	1,260	517	10
30 Jun 15	1,258	488	11
31 Mar 15	1,261	406	13
31 Dec 14	1,272	425	11
30 Sep 14	1,281	401	11
30 Jun 14	1,279	153	13
31 Mar 14	1,265	305	10
31 Dec 13	1,171	324	6

Quality Earnings: HR.UN is currently unprofitable.

Growing Profit Margin: HR.UN is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HR.UN is unprofitable, but has reduced losses over the past 5 years at a rate of 6.8% per year.

Accelerating Growth: Unable to compare HR.UN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HR.UN is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-41%).

Return on Equity

High ROE: HR.UN has a negative Return on Equity (-5.32%), as it is currently unprofitable.

H&R Real Estate Investment Trust Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Third quarter 2024 earnings released: CA$0.037 loss per share (vs CA$0.14 profit in 3Q 2023)

H&R Real Estate Investment Trust to Report Q3, 2024 Results on Nov 12, 2024

Second quarter 2024 earnings released: CA$1.04 loss per share (vs CA$0.22 loss in 2Q 2023)

H&R Real Estate Investment Trust to Report Q2, 2024 Results on Aug 14, 2024

First quarter 2024 earnings released

H&R Real Estate Investment Trust to Report Q1, 2024 Results on May 14, 2024

Recent updates

Dividend of CA$0.05 announced

H&R Real Estate Investment Trust Declares Distribution for the Month of November 2024, Payable on December 16, 2024

Third quarter 2024 earnings released: CA$0.037 loss per share (vs CA$0.14 profit in 3Q 2023)

Dividend of CA$0.05 announced

H&R Real Estate Investment Trust to Report Q3, 2024 Results on Nov 12, 2024

Upcoming dividend of CA$0.05 per share

Dividend of CA$0.05 announced

Dividend of CA$0.05 announced

Second quarter 2024 earnings released: CA$1.04 loss per share (vs CA$0.22 loss in 2Q 2023)

Dividend of CA$0.05 announced

H&R Real Estate Investment Trust to Report Q2, 2024 Results on Aug 14, 2024

Dividend of CA$0.05 announced

Dividend of CA$0.05 announced

First quarter 2024 earnings released

Upcoming dividend of CA$0.05 per share

George Brown College and Halmont Properties Corporation (TSXV:HMT) completed the acquisition of Corus Quay from H&R Real Estate Investment Trust (TSX:HR.UN).

Dividend of CA$0.05 announced

H&R Real Estate Investment Trust to Report Q1, 2024 Results on May 14, 2024

Upcoming dividend of CA$0.05 per share

Dividend of CA$0.05 announced

H&R Real Estate Investment Trust announced that it has received CAD 250 million in funding

H&R Real Estate Investment Trust announced that it expects to receive CAD 250 million in funding

Upcoming dividend of CA$0.05 per share

Dividend of CA$0.05 announced

H&R Real Estate Investment Trust Declares Dividend for the Months of February and March 2024, Payable on March 15, 2024 and April 15, 2024 Respectively

Full year 2023 earnings: Revenues exceed analyst expectations

Upcoming dividend of CA$0.05 per share at 7.0% yield

Dividend of CA$0.05 announced

H&R Real Estate Investment Trust to Report Q4, 2023 Results on Feb 13, 2024

Upcoming dividend of CA$0.15 per share at 6.2% yield

George Brown College and Halmont Properties Corporation (TSXV:HMT) entered into an agreement to acquire Corus Quay from H&R Real Estate Investment Trust (TSX:HR.UN) for approximately CAD 230 million.

Upcoming dividend of CA$0.05 per share at 7.2% yield

Price target decreased by 7.1% to CA$11.38

H&R Real Estate Investment Trust Announces Distribution for the Month of November 2023, Payable on December 15, 2023

Third quarter 2023 earnings released: EPS: CA$0.14 (vs CA$0.46 loss in 3Q 2022)

Upcoming dividend of CA$0.05 per share at 7.3% yield

H&R Real Estate Investment Trust to Report Q3, 2023 Results on Nov 14, 2023

Upcoming dividend of CA$0.05 per share at 6.5% yield

Upcoming dividend of CA$0.05 per share at 6.3% yield

H&R Real Estate Investment Trust Declares Distributions for the August and September 2023, Payable on September 15, 2023 and October 16, 2023 Respectively

Second quarter 2023 earnings released: CA$0.22 loss per share (vs CA$0.41 profit in 2Q 2022)

H&R Real Estate Investment Trust to Report Q2, 2023 Results on Aug 10, 2023

Upcoming dividend of CA$0.05 per share at 6.4% yield

Independent Lead Trustee recently bought CA$100k worth of stock

Upcoming dividend of CA$0.05 per share at 6.3% yield

Price target decreased by 7.9% to CA$14.58

An unknown buyer entered into an agreement to acquire four Canadian retail properties from H&R Real Estate Investment Trust (TSX:HR.UN) for CAD 68 million.

First quarter 2023 earnings released: EPS: CA$0.36 (vs CA$3.41 in 1Q 2022)

H&R Real Estate Investment Trust Announces Management Changes

Upcoming dividend of CA$0.05 per share at 4.9% yield

Independent Lead Trustee recently bought CA$299k worth of stock

CEO & Executive Chairman exercised options to buy CA$1.3m worth of stock.

Upcoming dividend of CA$0.05 per share at 4.5% yield

An unknown buyer entered into an agreement to acquire 160 Elgin Street office property in Ottawa, ON from H&R Real Estate Investment Trust (TSX:HR.UN) for CAD 277 million.

Full year 2022 earnings: Revenues exceed analyst expectations

H&R Real Estate Investment Trust (TSX:HR.UN) acquired 92,818 square foot office property in Dallas, TX for $49 million.

Upcoming dividend of CA$0.05 per share

H&R Real Estate Investment Trust to Report Q4, 2022 Results on Feb 13, 2023

Vice Chair & Independent Lead Trustee recently sold CA$216k worth of stock

Upcoming dividend of CA$0.096 per share

Now 21% undervalued

Upcoming dividend of CA$0.046 per share

Consensus EPS estimates fall by 16%

High number of new directors

H&R Real Estate Investment Trust Provides Dividend Guidance for the Month of January 2023

H&R Real Estate Investment Trust to Report Q3, 2022 Results on Nov 14, 2022

Upcoming dividend of CA$0.046 per share

An Unknown Buyer acquired 2665-32nd St. N.E. Calgary, Alberta from H&R Real Estate Investment Trust (TSX:HR.UN).

An unknown buyer entered into a binding agreement to acquire Two automotive-tenanted retail properties in the United States from H&R Real Estate Investment Trust (TSX:HR.UN) for $17 million.