- The Funds from Operations (FFO) per unit for H&R REIT in the fourth quarter was C$0.298, slightly lower than the previous year’s C$0.299 but exceeded the estimate of C$0.28.
- Rental income from investment properties decreased by 1.7% year-over-year, totaling C$202.4 million.
- Net operating income reached C$141.1 million, a decline of 4.2% year-over-year, which was below the estimated C$157.4 million.
- Total assets for H&R REIT were valued at C$10.62 billion, down 1.5% from the previous year.
- Adjusted Funds from Operations (AFFO) per unit stood at C$0.220, which was below both the previous year’s C$0.250 and the estimated C$0.25.
- H&R REIT’s strategy included spinning off 27 enclosed shopping centers and selling stakes in 58 properties, amounting to approximately $5.3 billion.
- As a result of these transactions, H&R’s residential and industrial segments grew from 35% to 67% of the total portfolio.
- Geographically, H&R’s real estate assets in the United States increased from 44% to 70% of the total portfolio.
- Market analyst ratings for H&R REIT include 3 buy recommendations and 3 hold recommendations, with no sell recommendations.
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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
Analysts utilizing Smartkarma Smart Scores have provided a positive long-term outlook for H&R Real Estate Investment Trust. The company scored highly in value and dividends, indicating strong fundamentals and income potential. However, the growth and resilience scores were moderate, suggesting room for improvement in these areas. The momentum score was also mid-range, reflecting a stable but not rapidly advancing position for the company.
H&R Real Estate Investment Trust, an open-ended REIT based in Canada, primarily focuses on office, industrial, and retail properties in the Greater Toronto area. With a solid foundation in value and dividends, the company may look to enhance its growth and resilience aspects to further strengthen its position in the real estate investment market for long-term success.
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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