Financials H&R Real Estate Investment Trust

Equities

HR.UN

CA4039254079

Diversified REITs

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
9.03 CAD -0.44% Intraday chart for H&R Real Estate Investment Trust -1.20% -8.79%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 6,049 3,812 4,687 3,220 2,592 2,365 -
Enterprise Value (EV) 1 6,049 3,812 4,687 7,283 6,393 2,365 2,365
P/E ratio 18.7 x -6.1 x 7.82 x 4.19 x 45.2 x 7.78 x 7.65 x
Yield 6.54% 6.92% 4.25% 4.46% 7.07% 6.61% 6.68%
Capitalization / Revenue 5.26 x 3.13 x 4 x 3.34 x 2.6 x 2.44 x 2.4 x
EV / Revenue 5.26 x 3.13 x 4 x 3.34 x 2.6 x 2.44 x 2.4 x
EV / EBITDA 8.85 x 5.87 x 7.4 x 5.35 x 4.13 x 4.2 x 4.24 x
EV / FCF 17.1 x 10.2 x 11.6 x - - -13.7 x 263 x
FCF Yield 5.85% 9.81% 8.64% - - -7.32% 0.38%
Price to Book - - - - - - -
Nbr of stocks (in thousands) 286,690 286,863 288,440 265,885 261,868 261,880 -
Reference price 2 21.10 13.29 16.25 12.11 9.900 9.030 9.030
Announcement Date 2/13/20 2/11/21 2/14/22 2/13/23 2/13/24 - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 1,150 1,218 1,172 965 997.8 970 984
EBITDA 1 683.7 649.4 633.6 601.7 627 562.7 557.2
EBIT - - - - - - -
Operating Margin - - - - - - -
Earnings before Tax (EBT) - - - - - - -
Net income 1 340.3 -624.6 597.9 844.8 61.69 324 328
Net margin 29.6% -51.26% 51% 87.55% 6.18% 33.4% 33.33%
EPS 2 1.129 -2.178 2.078 2.893 0.2189 1.160 1.180
Free Cash Flow 1 353.8 373.9 405 - - -173 9
FCF margin 30.78% 30.69% 34.55% - - -17.84% 0.91%
FCF Conversion (EBITDA) 51.75% 57.59% 63.92% - - - 1.62%
FCF Conversion (Net income) 103.97% - 67.74% - - - 2.74%
Dividend per Share 2 1.380 0.9200 0.6900 0.5400 0.7000 0.5967 0.6033
Announcement Date 2/13/20 2/11/21 2/14/22 2/13/23 2/13/24 - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q4 2024 Q1
Net sales - - - - - - - - -
EBITDA 1 165.1 85.17 139.6 151 164 113.1 146.2 167 130.7
EBIT - - - - - - - - -
Operating Margin - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - -
Net income - - - - - - - - -
Net margin - - - - - - - - -
EPS - - - - - - - - -
Dividend per Share - - 0.1350 - - - - - -
Announcement Date 2/14/22 5/12/22 8/11/22 11/14/22 2/13/23 5/12/23 8/10/23 2/13/24 -
1CAD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - 4,063 3,801 - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - 6.753 x 6.061 x - -
Free Cash Flow 1 354 374 405 - - -173 9
ROE (net income / shareholders' equity) - - - - - - -
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share - - - - - - -
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 2/13/20 2/11/21 2/14/22 2/13/23 2/13/24 - -
1CAD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
9.03 CAD
Average target price
11.08 CAD
Spread / Average Target
+22.74%
Consensus

Annual profits - Rate of surprise

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