H&R Real Estate Investment Trust (T:HR*CA)
Business Focus: Commercial REITs (NEC)
| Sector: Real Estate | Industry: Commercial REITs |
| Company Contact | |
| Address: | 3625 Dufferin St Suite 500 NORTH YORK ON M3K 1N4 |
| Tel: | N/A |
| Website: | https://www.hr-reit.com |
| IR: | See website |
| Key People | ||
| Thomas J. Hofstedter Executive Chairman of the Board, Chief Executive Officer | Philippe Lapointe President | Larry Froom Chief Financial Officer |
| Cheryl Fried Executive Vice President - Finance | Robyn Kestenberg Executive Vice President - Office and Industrial | Matt Kingston Executive Vice President - Development and Construction |
| Blair Kundell Executive Vice President - Operations | Emily Watson Chief Operating Officer - Lantower Residential | |
| Business Overview |
| H&R Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, operates and develops residential and commercial properties across Canada and in the United States. The Company operates through the four segments: Residential, Industrial, Office and Retail. The Residential segment consists of approximately 24 residential properties in select markets in the United States and portfolio comprised of 8,166 residential rental units. The Industrial segment consists of 69 industrial properties in Canada and three properties in the United States comprising 8.7 million square feet. The Office segment consists of 18 properties in Canada and five properties in select markets in the United States, aggregating 5.8 million square feet. The Retail segment consists of 38 properties in Canada, which are grocery-anchored and single-tenant properties, as well as five automotive-tenanted retail properties and one multi-tenant retail property in the United States. |
| Financial Overview |
| For the nine months ended 30 September 2023, H&R Real Estate Investment Trust revenues increased 4% to C$641.2M. Net income decreased 92% to C$73M. Revenues reflect Residential segment increase of 17% to C$213.9M, United States segment increase of 14% to C$391.4M, FFO per Share (Basic) increase of 30% to C$0.37, FFO per Share (Diluted) increase of 30% to C$0.36. |
| Employees: | 479 as of Dec 31, 2021 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $6,332M as of Sep 30, 2023 |
| Annual revenue (TTM): | $858.08M as of Sep 30, 2023 |
| EBITDA (TTM): | $519.01M as of Sep 30, 2023 |
| Net annual income (TTM): | -$43.13M as of Sep 30, 2023 |
| Free cash flow (TTM): | $148.58M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $3,659M as of Sep 30, 2023 |
| Shares outstanding: | 261,867,587 as of Sep 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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