Professional
Added to YB: 2026-01-12
Pitch date: 2026-01-02
HR-UN.TO [neutral]
H&R Real Estate Investment Trust
+7%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $9.
Market Cap
CAD 2.8B
Pitch Price
CAD 10.28
Price Target
15.00 (+37%)
Dividend
6.94%
EV/EBITDA
N/A
P/E
-6.91
EV/Sales
7.36
Sector
Diversified REITs
Category
special_situation
REIT book to start the year: H&R Real Estate Investment Trust
HR-UN.TO (holding update): H&R REIT trading at ~8% implied cap rate despite 80% residential/industrial mix post-asset sales. Residential transacts at 5% cap, industrial 6%. NAV ~$17 vs current price. Expects material transaction news early 2026 - either pureplay US multifamily spinout or total sale by 2026/27. $15 target.
Read full article (2 min)