H&R Real Estate Investment Trust trades with the ticker HR-UN on the TSX and is in the REIT – Diversified industry.
Overview
H&R REIT is one of Canada’s largest real estate investment trusts with total assets of approximately $10.8 billion as at December 31, 2023. H&R REIT has ownership interests in a North American portfolio comprised of high-quality residential, industrial, office and retail properties comprising over 26.9 million square feet. H&R’s strategy is to create a simplified, growth-oriented business focused on residential and industrial properties in order to create sustainable long term value for unitholders. H&R plans to sell its office and retail properties as market conditions permit. H&R’s target is to be a leading owner, operator and developer of residential and industrial properties, creating value through redevelopment and greenfield development in prime locations within Toronto, Montreal, Vancouver, and high growth U.S. sunbelt and gateway cities.
Looking to invest in H&R Real Estate Investment Trust? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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HR-UN.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $2510.183MM
PE Ratio: 39.0
Price: #N/A (Updated: 3/12/2024 0:47:16)
H&R Real Estate Investment Trust (HR-UN) vs Competitors in REIT – Diversified
Lets see how HR-UN.TO stacks up against others in the REIT – Diversified asset management industry. We have identified its main peers as:Artis Real Estate Investment Trust, Cominar Real Estate Investment Trust
.REIT – Diversified Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| Artis Real Estate Investment Trust (AX-UN) | $647.718 | N/A | -12.525 | 9.9% |
| Cominar Real Estate Investment Trust (CUF-UN) | $2,141.975 | N/A | 129.734 | 2.3% |
| H&R Real Estate Investment Trust (HR-UN) | $2,510.183 | 39.0 | 33.016 | 6.6% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within REIT – Diversified
- H&R Real Estate Investment Trust (HR-UN) vs Artis Real Estate Investment Trust (AX-UN)
- HR-UN has higher EPS (0.23 vs -3.1). AX-UN has higher dividend yield (9.9% vs 6.6%). AX-UN has a P/E under 0, indicating HR-UN (P/E 39.0) is in a better position.
- H&R Real Estate Investment Trust (HR-UN) vs Cominar Real Estate Investment Trust (CUF-UN)
- HR-UN has higher EPS (0.23 vs -1.07). HR-UN has higher dividend yield (6.6% vs 2.3%). CUF-UN has a P/E under 0, indicating HR-UN (P/E 39.0) is in a better position.
Our Recommendation: Hold
Shows positive EPS growth from this year to next, suggesting improving profitability. Features a lower EV/EBITDA ratio (33.02) than the industry average (81.38), indicating attractive valuation.
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