Professional
Added to YB: 2026-01-12
Pitch date: 2026-01-02
HR-UN.TO [neutral]
H&R Real Estate Investment Trust
+10.99%
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 Real Estate Investment Trust is one of Canada's largest real estate investment trusts. H&R REIT has ownership interests in a Canadian and U.
Market Cap
CAD 2.9B
Pitch Price
CAD 9.99
Price Target
15.00 (+36%)
Dividend
5.40%
EV/EBITDA
N/A
P/E
-3.77
EV/Sales
6.50
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.
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