- H&R REIT’s net operating income for the third quarter was C$139.2 million, missing estimates of C$159.8 million and showing a year-over-year decline of 0.7%.
- Funds from operations (FFO) per unit decreased slightly to C$0.290 from C$0.294 in the previous year, yet matched analyst estimates of C$0.29.
- Rental income from investment properties rose by 0.7% year-over-year, totaling C$201.7 million.
- Total assets decreased by 6% year-over-year, now standing at C$9.61 billion.
- The net asset value (NAV) per unit dropped by 9.7% compared to the previous year, now at C$17.74.
- Adjusted funds from operations (AFFO) per unit fell to C$0.229 from C$0.242 year-over-year.
- Analyst recommendations include four buys, three holds, and no sells.
A look at H&R Real Estate Investment Tru Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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 analysis, H&R Real Estate Investment Trust appears to have a positive long-term outlook. The company scores high in the Value category, indicating that it may be undervalued compared to its peers. In terms of Dividend, H&R Real Estate Investment Trust also scores well, showing its ability to provide attractive dividend yields to investors. However, the Growth and Resilience scores are lower, suggesting that the company may face challenges in terms of growth and resilience in uncertain market conditions. The Momentum score, although moderate, indicates a reasonable level of market momentum for the company.
Overall, H&R Real Estate Investment Trust, an open-ended real estate investment trust focusing on office, industrial, and retail properties in the Greater Toronto area, appears to have a solid foundation with strong value and dividend potential. However, the lower scores in Growth and Resilience underscore the need for cautious evaluation of its long-term prospects and potential risks in the real estate market.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
