Added to YB: 2026-08-20
Pitch date: 2026-08-17
HR-UN.TO [neutral]
H&R Real Estate Investment Trust
-4.37%
current return
Author Info
No bio for this author
Company Info
H&R Real Estate Investment Trust is one of Canada's largest real estate investment trusts. H&R REIT has ownership interests in a Canadian and U.
Market Cap
CAD 2.5B
Pitch Price
CAD 10.30
Price Target
12.50 (+27%)
Dividend
6.27%
EV/EBITDA
N/A
P/E
-4.42
EV/Sales
6.18
Sector
Diversified REITs
Category
special_situation
H&R REIT: I Don't Wanna GO
HR-UN.TO (update): Author (H&R unitholder) opposes GO Residential merger, urging abandonment. Deal transfers ~C$22.47/unit to Hofstedter insiders vs C$11.08 for public holders. GO NAV inflated (4.16% cap vs 5.98% mkt), Lantower dilutes NAV 38%, fraud/governance concerns re GO mgmt (Gotlib, Teo). Alt path: sell industrial, relaunch Lantower under Watson, ~$12-12.50 value. 3rd voting test may block deal.
Read full article (10 min)