Added to YB: 2026-10-13
Pitch date: 2026-10-09
HR-UN.TO [neutral]
H&R Real Estate Investment Trust
+2.39%
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 9.62
Price Target
N/A
Dividend
6.27%
EV/EBITDA
N/A
P/E
-4.42
EV/Sales
6.18
Sector
Diversified REITs
Category
special_situation
H&R REIT: If We Don’t Fight, We’ve Already Lost
HR-UN.TO (update): H&R REIT’s proposed GO/CRAL transaction reflects a flawed process and sharply unequal outcomes: Hofstedter receives an estimated C$23.02 per exchanged unit in assets, trustees and executives cash out equity awards at C$12.01, while public holders receive C$10.14 and likely taxable income exceeding the C$4.28 cash distribution. After multiple 2025 approaches, alternatives ended once Hofstedter negotiated with GO, without assessing GO’s governance, experience, conflicts, liquidity or dilution risks.
Read full article (2 min)