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H&R REAL ESTATE INV-REIT UTS (HR-UN.CA) Stock Fundamental Analysis

TSX:HR-UN - Toronto Stock Exchange - CA4039254079 - REIT - Currency: CAD

9.6  -0.05 (-0.52%)

Fundamental Rating

4

Taking everything into account, HR-UN scores 4 out of 10 in our fundamental rating. HR-UN was compared to 44 industry peers in the Diversified REITs industry. HR-UN has an average financial health and profitability rating. HR-UN is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

HR-UN had negative earnings in the past year.
HR-UN had a positive operating cash flow in the past year.
HR-UN had positive earnings in 4 of the past 5 years.
HR-UN had a positive operating cash flow in each of the past 5 years.
HR-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFHR-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M -500M

1.2 Ratios

HR-UN's Return On Assets of -2.56% is in line compared to the rest of the industry. HR-UN outperforms 50.00% of its industry peers.
With a Return On Equity value of -5.32%, HR-UN perfoms like the industry average, outperforming 56.82% of the companies in the same industry.
HR-UN has a worse Return On Invested Capital (3.66%) than 75.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HR-UN is in line with the industry average of 5.68%.
Industry RankSector Rank
ROA -2.56%
ROE -5.32%
ROIC 3.66%
ROA(3y)4.56%
ROA(5y)2.27%
ROE(3y)9.7%
ROE(5y)4.73%
ROIC(3y)3.9%
ROIC(5y)3.82%
HR-UN.CA Yearly ROA, ROE, ROICHR-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10 -10 15

1.3 Margins

HR-UN's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 60.99%, HR-UN is doing good in the industry, outperforming 77.27% of the companies in the same industry.
HR-UN's Operating Margin has been stable in the last couple of years.
HR-UN has a Gross Margin of 64.12%. This is in the better half of the industry: HR-UN outperforms 61.36% of its industry peers.
In the last couple of years the Gross Margin of HR-UN has remained more or less at the same level.
Industry RankSector Rank
OM 60.99%
PM (TTM) N/A
GM 64.12%
OM growth 3Y1.12%
OM growth 5Y0.27%
PM growth 3YN/A
PM growth 5Y-24%
GM growth 3Y2.22%
GM growth 5Y0.68%
HR-UN.CA Yearly Profit, Operating, Gross MarginsHR-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50 100

4

2. Health

2.1 Basic Checks

Compared to 1 year ago, HR-UN has less shares outstanding
Compared to 5 years ago, HR-UN has less shares outstanding
HR-UN has a better debt/assets ratio than last year.
HR-UN.CA Yearly Shares OutstandingHR-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
HR-UN.CA Yearly Total Debt VS Total AssetsHR-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B

2.2 Solvency

Based on the Altman-Z score of 0.42, we must say that HR-UN is in the distress zone and has some risk of bankruptcy.
HR-UN has a Altman-Z score of 0.42. This is comparable to the rest of the industry: HR-UN outperforms 40.91% of its industry peers.
The Debt to FCF ratio of HR-UN is 14.47, which is on the high side as it means it would take HR-UN, 14.47 years of fcf income to pay off all of its debts.
HR-UN has a Debt to FCF ratio of 14.47. This is in the better half of the industry: HR-UN outperforms 77.27% of its industry peers.
HR-UN has a Debt/Equity ratio of 0.69. This is a neutral value indicating HR-UN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.69, HR-UN belongs to the top of the industry, outperforming 86.36% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.69
Debt/FCF 14.47
Altman-Z 0.42
ROIC/WACCN/A
WACCN/A
HR-UN.CA Yearly LT Debt VS Equity VS FCFHR-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

2.3 Liquidity

A Current Ratio of 0.28 indicates that HR-UN may have some problems paying its short term obligations.
The Current ratio of HR-UN (0.28) is better than 63.64% of its industry peers.
A Quick Ratio of 0.28 indicates that HR-UN may have some problems paying its short term obligations.
HR-UN's Quick ratio of 0.28 is fine compared to the rest of the industry. HR-UN outperforms 63.64% of its industry peers.
Industry RankSector Rank
Current Ratio 0.28
Quick Ratio 0.28
HR-UN.CA Yearly Current Assets VS Current LiabilitesHR-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

3

3. Growth

3.1 Past

The earnings per share for HR-UN have decreased strongly by -524.94% in the last year.
The earnings per share for HR-UN have been decreasing by -27.78% on average. This is quite bad
The Revenue has decreased by -4.37% in the past year.
The Revenue has been decreasing by -6.36% on average over the past years.
EPS 1Y (TTM)-524.94%
EPS 3YN/A
EPS 5Y-27.78%
EPS Q2Q%-126.51%
Revenue 1Y (TTM)-4.37%
Revenue growth 3Y-8.3%
Revenue growth 5Y-6.36%
Sales Q2Q%-4.78%

3.2 Future

The Earnings Per Share is expected to grow by 24.93% on average over the next years. This is a very strong growth
Based on estimates for the next years, HR-UN will show a small growth in Revenue. The Revenue will grow by 1.29% on average per year.
EPS Next Y-176.67%
EPS Next 2Y36.01%
EPS Next 3Y24.93%
EPS Next 5YN/A
Revenue Next Year-3.28%
Revenue Next 2Y-1.47%
Revenue Next 3Y1.29%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
HR-UN.CA Yearly Revenue VS EstimatesHR-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M 1B
HR-UN.CA Yearly EPS VS EstimatesHR-UN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 1 -1 2 -2 3

4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for HR-UN. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 8.40, the valuation of HR-UN can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HR-UN indicates a rather cheap valuation: HR-UN is cheaper than 90.91% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 94.38. HR-UN is valued rather cheaply when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 8.4
HR-UN.CA Price Earnings VS Forward Price EarningsHR-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 200 400 600

4.2 Price Multiples

65.91% of the companies in the same industry are more expensive than HR-UN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 10.3
EV/EBITDA N/A
HR-UN.CA Per share dataHR-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

A more expensive valuation may be justified as HR-UN's earnings are expected to grow with 24.93% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y36.01%
EPS Next 3Y24.93%

4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.61%, HR-UN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.03, HR-UN is paying slightly less dividend.
HR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
Industry RankSector Rank
Dividend Yield 5.61%

5.2 History

The dividend of HR-UN decreases each year by -12.87%.
HR-UN has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of HR-UN decreased recently.
Dividend Growth(5Y)-12.87%
Div Incr Years1
Div Non Decr Years1
HR-UN.CA Yearly Dividends per shareHR-UN.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

HR-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-69.99%
EPS Next 2Y36.01%
EPS Next 3Y24.93%
HR-UN.CA Yearly Income VS Free CF VS DividendHR-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M -500M

H&R REAL ESTATE INV-REIT UTS

TSX:HR-UN (2/11/2025, 7:00:00 PM)

9.6

-0.05 (-0.52%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-12 2024-11-12
Earnings (Next)02-12 2025-02-12/amc
Inst Owners24.66%
Inst Owner ChangeN/A
Ins Owners1.93%
Ins Owner ChangeN/A
Market Cap2.52B
Analysts78.57
Price Target11.56 (20.42%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.61%
Yearly Dividend0.67
Dividend Growth(5Y)-12.87%
DP-69.99%
Div Incr Years1
Div Non Decr Years1
Ex-Date01-31 2025-01-31 (0.05)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.37%
PT rev (3m)-1.45%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-206.67%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.95%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 8.4
P/S 3.07
P/FCF 10.3
P/OCF 10.3
P/B 0.51
P/tB 0.51
EV/EBITDA N/A
EPS(TTM)-1
EYN/A
EPS(NY)1.14
Fwd EY11.91%
FCF(TTM)0.93
FCFY9.71%
OCF(TTM)0.93
OCFY9.71%
SpS3.13
BVpS18.8
TBVpS18.8
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.56%
ROE -5.32%
ROCE 5.08%
ROIC 3.66%
ROICexc 3.68%
ROICexgc 3.69%
OM 60.99%
PM (TTM) N/A
GM 64.12%
FCFM 29.76%
ROA(3y)4.56%
ROA(5y)2.27%
ROE(3y)9.7%
ROE(5y)4.73%
ROIC(3y)3.9%
ROIC(5y)3.82%
ROICexc(3y)3.93%
ROICexc(5y)3.84%
ROICexgc(3y)3.94%
ROICexgc(5y)3.85%
ROCE(3y)5.41%
ROCE(5y)5.3%
ROICexcg growth 3Y-1.91%
ROICexcg growth 5Y0.65%
ROICexc growth 3Y-1.99%
ROICexc growth 5Y0.6%
OM growth 3Y1.12%
OM growth 5Y0.27%
PM growth 3YN/A
PM growth 5Y-24%
GM growth 3Y2.22%
GM growth 5Y0.68%
F-Score4
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.69
Debt/FCF 14.47
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 3.23
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.28
Quick Ratio 0.28
Altman-Z 0.42
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)194.47%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-524.94%
EPS 3YN/A
EPS 5Y-27.78%
EPS Q2Q%-126.51%
EPS Next Y-176.67%
EPS Next 2Y36.01%
EPS Next 3Y24.93%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.37%
Revenue growth 3Y-8.3%
Revenue growth 5Y-6.36%
Sales Q2Q%-4.78%
Revenue Next Year-3.28%
Revenue Next 2Y-1.47%
Revenue Next 3Y1.29%
Revenue Next 5YN/A
EBIT growth 1Y-3.56%
EBIT growth 3Y-7.27%
EBIT growth 5Y-6.11%
EBIT Next Year19.93%
EBIT Next 3Y5.29%
EBIT Next 5YN/A
FCF growth 1Y-17.99%
FCF growth 3Y-11.63%
FCF growth 5Y-8.61%
OCF growth 1Y-17.99%
OCF growth 3Y-11.63%
OCF growth 5Y-8.61%