H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $10.8 billion as at December 31, 2023. H&R REIT has ownership interests in a North American portfolio comprised of high-quality residential, industrial, office and retail properties comprising over 26.9 million square feet. H&R's strategy is to create a simplified, growth-oriented business focused on residential and industrial properties in order to create sustainable long term value for unitholders. H&R plans to sell its office and retail properties as market conditions permit. H&R's target is to be a leading owner, operator and developer of residential and industrial properties, creating value through redevelopment and greenfield development in prime locations within Toronto, Montreal, Vancouver, and high growth U.S. sunbelt and gateway cities.
Metrics to compare | HR_u | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipHR_uPeersSector | |
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P/E Ratio | −13.3x | 0.3x | 7.7x | |
PEG Ratio | 1.72 | −0.09 | 0.01 | |
Price / Book | 0.6x | 0.7x | 0.9x | |
Price / LTM Sales | 3.0x | 3.3x | 3.9x | |
Upside (Analyst Target) | 5.7% | 7.0% | 12.0% | |
Fair Value Upside | Unlock | 5.9% | 1.4% | Unlock |