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
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
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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