Professional
Added to YB: 2026-06-02
Pitch date: 2026-05-30
HR-UN.TO [bullish]
H&R Real Estate Investment Trust
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 2.7B
Pitch Price
N/A
Price Target
N/A
Dividend
5.79%
EV/EBITDA
N/A
P/E
-3.52
EV/Sales
6.27
Sector
Diversified REITs
Category
special_situation
Why I continue to add to H&R REIT
HR-UN.TO (added to position): De-risked diversified REIT, now 65% US Class-A multifamily (4.73% cap), 25% Toronto industrial, trading 7.6% implied cap, ~$5 below NAV, 7x net debt/EBITDA. Catalysts: $300M+ office/land sales (Gowanus, Caledon), possible NCIB, split, or privatization by end-2026. ~6% yield. Edgepoint 3rd largest holder.
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