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H&R Real Estate Investment Trust (HR-UN) Fair Value & Analysis

Real Estate · CA · Market cap C$3.1B

HR H&R Real Estate Investment Trust HR-UN · TO
PriceC$11.16
Fair ValueC$15.70
Upside+40.7%
Quality52/100
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Evidence: High Range C$7.82 – C$19.81 📤 Share as image

Fair value as of: Jul 18, 2026

From 15 valuation models · updated 4 days ago

Fair value updated Jul 18, 2026, revised from C$15.67 to C$15.70 (+0.2%) since Jun 26, 2026. Share price +0.2% over the past month.

Price vs Fair Value (12 months)

C$11.65 C$9.56 Fair Value C$15.70 Jul 2025 Jul 2026

12‑month range C$9.56 – C$11.65 · fair‑value band C$7.82 – C$19.81 · the C$11.16 price screens below the C$15.70 fair value. As of Jul 18, 2026.

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Analysis

H&R Real Estate Investment Trust (HR-UN) currently trades at C$11.16, while our model-based Fair Value estimate is C$15.70, implying the stock looks roughly 40.7% undervalued today. We read business quality at 52/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, H&R Real Estate Investment Trust generated revenue of C$856M at a net margin of -90.5%. Revenue declined 10.7% year over year. It earns a return on equity of -16.6%. Net debt stands at C$3.4B. Fundamentals as of Jul 18, 2026

Our scenario range runs from C$7.82 (bear case) to C$19.81 (bull case); at C$11.16, the current price sits within that range. The share trades about 8% below its 52-week high and 23% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 3% fair-value upside, at 41%, HR-UN screens cheaper than that median.

Key figures & financial health

Revenue (TTM) C$856M
Revenue growth (YoY) -10.7%
Net margin -90.5%
Return on equity -16.6%
Free cash flow C$146M FY2025
Operating margin 46.0%
More key figures
EPS (TTM) C$-2.95
Dividend yield 5.8%
EPS growth (YoY) -65.9%
Net debt C$3.4B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 18, 2026. TTM = trailing twelve months.

About the company

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.S. portfolio primarily comprised of high-quality residential (operating as Lantower Residential), industrial and office properties comprising approximately 20.3 million square feet. H&R Real Estate Investment Trust was incorporated in 1996 in Ontario, Canada.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

H&R Real Estate Investment Trust reported revenue of C$815M in FY2025 versus C$1.1B in FY2021, a compound −6.5%/yr. Reported net income was −C$792M in FY2025.

Revenue −6.5%/yr
FY21 C$1.1B
FY22 C$835M
FY23 C$904M
FY24 C$817M
FY25 C$815M
Net income
FY21 C$598M
FY22 C$845M
FY23 C$61.7M
FY24 −C$120M
FY25 −C$792M

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Cite: Fair Value Calculator (2026). "H&R Real Estate Investment Trust Fair Value". https://www.fairvalue-calculator.com/stock/HR-UN

Recent news

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Similar stocks

10 more REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Goodman Group GMGSF $21.70 $7.07 -67%
VICI Properties Inc VICI $26.53 $41.74 +57%
W. P. Carey Inc WPC $76.71 $50.40 -34%
Stockland STKAF $3.00 $2.58 -14%
Charter Hall Group CTOUF $15.42 $7.92 -49%
FNCDY FNCDY $17.03 $19.74 +16%
GSEFF GSEFF $63.01 $89.17 +42%
The GPT Group GPTGF $3.63 $2.41 -34%
Fibra Uno FUNO11 28.61 MXN 71.53 MXN +150%
COV COV €53.95 €55.42 +3%

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Frequently asked questions

Is H&R Real Estate Investment Trust (HR-UN) undervalued?
As of Jul 18, 2026, our model estimates a fair value of C$15.70 versus a price of C$11.16, about +41% (undervalued). Model-based estimate, not financial advice.
What is the fair value of HR-UN?
Our model-based fair value for H&R Real Estate Investment Trust is C$15.70 (as of Jul 18, 2026), built from audited fundamentals. The current price is C$11.16.
What is the quality score of HR-UN?
H&R Real Estate Investment Trust has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of H&R Real Estate Investment Trust (HR-UN)?
H&R Real Estate Investment Trust reported trailing-twelve-month revenue of about C$856M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of HR-UN?
The net profit margin of H&R Real Estate Investment Trust is about -90.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does H&R Real Estate Investment Trust pay a dividend?
H&R Real Estate Investment Trust currently shows a dividend yield of about 5.83% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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