- H&R REIT reported second quarter funds from operations (FFO) per unit at C$0.314, exceeding estimates of C$0.28 and last year’s C$0.306.
- Rental income from investment properties reached C$204.0 million, experiencing a slight year-over-year decrease of 0.4%.
- Net operating income was C$143.8 million, also down 0.4% from the previous year, and fell below the estimated C$157.9 million.
- Total assets were valued at C$9.89 billion, a decline of 4.2% compared to the previous year.
- Adjusted funds from operations (AFFO) per unit were C$0.262, showing improvement from the previous year’s C$0.246.
- The stock is currently rated with 3 buy recommendations, 3 holds, and no sell recommendations.
A look at H&R Real Estate Investment Tru Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, H&R Real Estate Investment Trust shows a strong outlook in terms of value and dividend. The company scores a high rating of 5 in Value and 4 in Dividend, indicating good potential for investors looking for stable returns and undervalued assets. However, the Growth and Resilience factors score lower at 2, suggesting room for improvement in these areas. Momentum, with a score of 4, shows positive market sentiment towards the company.
H&R Real Estate Investment Trust, an open-ended real estate investment trust, holds interests in various types of properties primarily in the Greater Toronto area of Canada. With a focus on office, industrial, and retail properties, as well as development projects, the company has established a diverse portfolio within a key real estate market. Investors may see potential in H&R’s strong value and dividend scores, while keeping an eye on areas for growth and resilience improvement.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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