HR-UN Fundamental Analysis - H&R REAL ESTATE INV-REIT UTS

Fundamental Rating

Overall HR-UN gets a fundamental rating of 3 out of 10. We evaluated HR-UN against 37 industry peers in the Diversified REITs industry. While HR-UN is still in line with the averages on profitability rating, there are concerns on its financial health. HR-UN has a valuation in line with the averages, but it does not seem to be growing.

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1. Profitability

1.1 Basic Checks

In the past year HR-UN has reported negative net income.

HR-UN had a positive operating cash flow in the past year.

In multiple years HR-UN reported negative net income over the last 5 years.

Each year in the past 5 years HR-UN had a positive operating cash flow.

1.2 Ratios

HR-UN has a Return On Assets of -0.98%. This is comparable to the rest of the industry: HR-UN outperforms 54.05% of its industry peers.

HR-UN has a Return On Equity (-2.06%) which is in line with its industry peers.

Looking at the Return On Invested Capital, with a value of 3.78%, HR-UN is in line with its industry, outperforming 54.05% of the companies in the same industry.

The Average Return On Invested Capital over the past 3 years for HR-UN is in line with the industry average of 5.52%.

The last Return On Invested Capital (3.78%) for HR-UN is above the 3 year average (3.58%), which is a sign of increasing profitability.

		Industry Rank	Sector Rank
ROA	-0.98%
ROE	-2.06%
ROIC	3.78%

ROA(3y)2.28%

ROA(5y)1.57%

ROE(3y)4.77%

ROE(5y)3.31%

ROIC(3y)3.58%

ROIC(5y)3.86%

1.3 Margins

HR-UN has a Operating Margin of 60.02%. This is in the better half of the industry: HR-UN outperforms 72.97% of its industry peers.

HR-UN's Operating Margin has been stable in the last couple of years.

HR-UN has a Gross Margin (62.54%) which is comparable to the rest of the industry.

In the last couple of years the Gross Margin of HR-UN has remained more or less at the same level.

		Industry Rank	Sector Rank
OM	60.02%
PM (TTM)	N/A
GM	62.54%

OM growth 3Y0.65%

OM growth 5Y0.55%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y0.82%

GM growth 5Y0.57%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

Compared to 1 year ago, HR-UN has more shares outstanding

The number of shares outstanding for HR-UN has been reduced compared to 5 years ago.

The debt/assets ratio for HR-UN is higher compared to a year ago.

2.2 Solvency

HR-UN has an Altman-Z score of 0.39. This is a bad value and indicates that HR-UN is not financially healthy and even has some risk of bankruptcy.

Looking at the Altman-Z score, with a value of 0.39, HR-UN is doing worse than 62.16% of the companies in the same industry.

The Debt to FCF ratio of HR-UN is 15.31, which is on the high side as it means it would take HR-UN, 15.31 years of fcf income to pay off all of its debts.

With a Debt to FCF ratio value of 15.31, HR-UN perfoms like the industry average, outperforming 59.46% of the companies in the same industry.

A Debt/Equity ratio of 0.70 indicates that HR-UN is somewhat dependend on debt financing.

With an excellent Debt to Equity ratio value of 0.70, HR-UN belongs to the best of the industry, outperforming 86.49% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.7
Debt/FCF	15.31
Altman-Z	0.39

ROIC/WACCN/A

WACCN/A

2.3 Liquidity

A Current Ratio of 0.16 indicates that HR-UN may have some problems paying its short term obligations.

HR-UN has a Current ratio (0.16) which is comparable to the rest of the industry.

A Quick Ratio of 0.16 indicates that HR-UN may have some problems paying its short term obligations.

Looking at the Quick ratio, with a value of 0.16, HR-UN is in line with its industry, outperforming 45.95% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	0.16
Quick Ratio	0.16

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

HR-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 55.10%, which is quite impressive.

Looking at the last year, HR-UN shows a decrease in Revenue. The Revenue has decreased by -2.20% in the last year.

Measured over the past years, HR-UN shows a decrease in Revenue. The Revenue has been decreasing by -6.60% on average per year.

EPS 1Y (TTM)55.1%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%39.14%

Revenue 1Y (TTM)-2.2%

Revenue growth 3Y-8.47%

Revenue growth 5Y-6.6%

Sales Q2Q%-0.37%

3.2 Future

The Earnings Per Share is expected to grow by 66.15% on average over the next years. This is a very strong growth

HR-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.68% yearly.

EPS Next Y80.43%

EPS Next 2Y113.66%

EPS Next 3Y66.15%

EPS Next 5YN/A

Revenue Next Year3.68%

Revenue Next 2Y3.14%

Revenue Next 3Y3.68%

Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for HR-UN. In the last year negative earnings were reported.

A Price/Forward Earnings ratio of 9.81 indicates a reasonable valuation of HR-UN.

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 91.89% of the companies listed in the same industry.

When comparing the Price/Forward Earnings ratio of HR-UN to the average of the S&P500 Index (22.87), we can say HR-UN is valued rather cheaply.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	9.81

4.2 Price Multiples

The rest of the industry has a similar Price/Free Cash Flow ratio as HR-UN.

		Industry Rank	Sector Rank
P/FCF	13.17
EV/EBITDA	N/A

4.3 Compensation for Growth

HR-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.

HR-UN's earnings are expected to grow with 66.15% in the coming years. This may justify a more expensive valuation.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y113.66%

EPS Next 3Y66.15%

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5. Dividend

5.1 Amount

HR-UN has a Yearly Dividend Yield of 5.61%, which is a nice return.

HR-UN's Dividend Yield is slightly below the industry average, which is at 7.94.

HR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.

		Industry Rank	Sector Rank
Dividend Yield	5.61%

5.2 History

The dividend of HR-UN decreases each year by -12.29%.

HR-UN has been paying a dividend for at least 10 years, so it has a reliable track record.

The dividend of HR-UN decreased in the last 3 years.

Dividend Growth(5Y)-12.29%

Div Incr Years2

Div Non Decr Years2

5.3 Sustainability

The earnings of HR-UN are negative and hence is the payout ratio. HR-UN will probably not be able to sustain this dividend level.

DP-194.17%

EPS Next 2Y113.66%

EPS Next 3Y66.15%

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H&R REAL ESTATE INV-REIT UTS

TSX:HR-UN (9/23/2025, 7:00:00 PM)

11.92

-0.05 (-0.42%)

Chartmill FA Rating

GICS SectorReal Estate

GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)

GICS IndustryDiversified REITs

Earnings (Last)08-13 2025-08-13

Earnings (Next)11-10 2025-11-10

Inst Owners23.67%

Inst Owner ChangeN/A

Ins Owners1.54%

Ins Owner ChangeN/A

Market Cap3.13B

Analysts78.67

Price Target13.55 (13.67%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	5.61%

Yearly Dividend0.72

Dividend Growth(5Y)-12.29%

DP-194.17%

Div Incr Years2

Div Non Decr Years2

Ex-Date09-29 2025-09-29 (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)5.08%

PT rev (3m)16.98%

EPS NQ rev (1m)N/A

EPS NQ rev (3m)N/A

EPS NY rev (1m)0%

EPS NY rev (3m)-107.69%

Revenue NQ rev (1m)N/A

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)0%

Revenue NY rev (3m)0.67%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	9.81
P/S	3.85
P/FCF	13.17
P/OCF	13.17
P/B	0.66
P/tB	0.66
EV/EBITDA	N/A

EPS(TTM)-0.37

EYN/A

EPS(NY)1.22

Fwd EY10.2%

FCF(TTM)0.91

FCFY7.59%

OCF(TTM)0.91

OCFY7.59%

SpS3.09

BVpS17.99

TBVpS17.99

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-0.98%
ROE	-2.06%
ROCE	5.25%
ROIC	3.78%
ROICexc	3.8%
ROICexgc	3.81%
OM	60.02%
PM (TTM)	N/A
GM	62.54%
FCFM	29.26%

ROA(3y)2.28%

ROA(5y)1.57%

ROE(3y)4.77%

ROE(5y)3.31%

ROIC(3y)3.58%

ROIC(5y)3.86%

ROICexc(3y)3.61%

ROICexc(5y)3.89%

ROICexgc(3y)3.62%

ROICexgc(5y)3.9%

ROCE(3y)4.97%

ROCE(5y)5.36%

ROICexcg growth 3Y-7.4%

ROICexcg growth 5Y1.29%

ROICexc growth 3Y-7.45%

ROICexc growth 5Y1.26%

OM growth 3Y0.65%

OM growth 5Y0.55%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y0.82%

GM growth 5Y0.57%

F-Score6

Asset Turnover0.08

Health

		Industry Rank	Sector Rank
Debt/Equity	0.7
Debt/FCF	15.31
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	N/A
Interest Coverage	3.11
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	0.16
Quick Ratio	0.16
Altman-Z	0.39

F-Score6

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)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)55.1%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%39.14%

EPS Next Y80.43%

EPS Next 2Y113.66%

EPS Next 3Y66.15%

EPS Next 5YN/A

Revenue 1Y (TTM)-2.2%

Revenue growth 3Y-8.47%

Revenue growth 5Y-6.6%

Sales Q2Q%-0.37%

Revenue Next Year3.68%

Revenue Next 2Y3.14%

Revenue Next 3Y3.68%

Revenue Next 5YN/A

EBIT growth 1Y-5.26%

EBIT growth 3Y-7.87%

EBIT growth 5Y-6.09%

EBIT Next Year18.86%

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y-17.85%

FCF growth 3Y-15.37%

FCF growth 5Y-8.1%

OCF growth 1Y-17.85%

OCF growth 3Y-15.37%

OCF growth 5Y-8.1%

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

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens