H&R Real Estate Investment Trust (T:HR.UN)
Business Focus: Diversified REITs
| Sector: Real Estate | Industry: Diversified REITs |
| Company Contact | |
| Address: | 3625 Dufferin St Suite 500 NORTH YORK ON M3K 1N4 |
| Tel: | N/A |
| Website: | https://www.hr-reit.com |
| IR: | See website |
| Key People | ||
| Thomas J. Hofstedter Executive Chairman of the Board, Chief Executive Officer | Philippe Lapointe President | Larry Froom Chief Financial Officer |
| Cheryl Fried Executive Vice President - Finance | Robyn Kestenberg Executive Vice President - Office and Industrial | Matt Kingston Executive Vice President - Development and Construction |
| Blair Kundell Executive Vice President - Operations | Emily Watson Chief Operating Officer - Lantower Residential | |
| Business Overview |
| H&R Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, operates and develops residential and commercial properties across Canada and in the United States. The Company operates through the four segments: Residential, Industrial, Office and Retail. The Residential segment consists of approximately 24 residential properties in select markets in the United States and portfolio comprised of 8,166 residential rental units. The Industrial segment consists of 69 industrial properties in Canada and three properties in the United States comprising 8.7 million square feet. The Office segment consists of 18 properties in Canada and five properties in select markets in the United States, aggregating 5.8 million square feet. The Retail segment consists of 38 properties in Canada, which are grocery-anchored and single-tenant properties, as well as five automotive-tenanted retail properties and one multi-tenant retail property in the United States. |
| Financial Overview |
| For the three months ended 31 March 2024, H&R Real Estate Investment Trust revenues decreased 4% to C$209.5M. Net income decreased 66% to C$31.8M. Revenues reflect Office segment decrease of 8% to C$115.5M, FFO per Share (Basic) decrease of 4% to C$0.3, FFO per Share (Diluted) decrease of 4% to C$0.3. Net income also reflects Net Operating Income (NOI)-Office decrease of 8% to C$65.2M. |
| Employees: | 487 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $6,148M as of Mar 31, 2024 |
| Annual revenue (TTM): | $838.37M as of Mar 31, 2024 |
| EBITDA (TTM): | $520.78M as of Mar 31, 2024 |
| Net annual income (TTM): | -$1.32M as of Mar 31, 2024 |
| Free cash flow (TTM): | $152.12M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $3,699M as of Mar 31, 2024 |
| Shares outstanding: | 261,879,724 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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