H&R REIT Properties and Business Operations

H&R REIT has a diverse portfolio of properties across Canada, with a focus on retail, office, and residential assets. They own and manage over 400 properties, including shopping centers, office buildings, and apartments.

Their retail portfolio is particularly notable, with a significant presence in major shopping centers across the country. H&R REIT's retail properties are home to a wide range of tenants, from national retailers to local businesses.

One of the key strengths of H&R REIT is their ability to adapt to changing market conditions. They have a proven track record of successfully repositioning and redeveloping their properties to meet the evolving needs of their tenants and the market.

H&R REIT's business operations are also noteworthy, with a strong focus on sustainability and community engagement.

H&R REIT is a publicly traded company, listed on the Toronto Stock Exchange under the ticker symbol HR.UN.

H&R REIT has a significant presence in the Canadian real estate market, with a portfolio of over 90 properties across the country.

The company's net asset value (NAV) per unit was $24.55 as of December 31, 2020.

H&R REIT reported a total revenue of $1.34 billion in 2020.

The company's distributable cash flow (DCF) per unit was $1.29 in 2020.

H&R REIT's total debt was $3.44 billion as of December 31, 2020.

The company's interest coverage ratio was 2.13 times in 2020.

H&R REIT's weighted average cost of capital (WACC) was 5.34% as of December 31, 2020.

The company's property portfolio includes a mix of retail, office, and industrial properties.

H&R REIT has a significant workforce with 1,440 people employed at the company. This highlights the company's commitment to providing job opportunities and contributing to the economy.

The company's employment numbers are a testament to its growth and success over the years.

H&R has a diversified portfolio of properties, with multi-residential properties making up 23% of its portfolio as of 2019.

This is a significant shift from 2014, when multi-residential properties accounted for just 1% of its portfolio.

Retail properties have decreased from 39% to 28% over the same period, while office properties have decreased from 51% to 41%.

Industrial properties have remained relatively stable, making up approximately 8% of its portfolio.

United States market exposure has increased to 42%, up from 23% in 2014.

Canadian markets, on the other hand, have declined from 77% to 58%, with Ontario accounting for 28% of H&R's Canadian market exposure.

H&R owns several prominent office properties, including The Bow in Calgary and the Atrium in Toronto.

The company has also sold some of its properties, including Corus Quay, which was sold to George Brown College and Halmont Properties Corp. in 2023.

Many of H&R's Canadian retail properties are owned by its Primaris subsidiary, which operates several notable malls, including Sunridge Mall in Calgary and Place D'Orleans in Ottawa.

H&R's multi-family residential properties are primarily located in the southern US and are partially owned by its Lantower Residential subsidiary.

Larry Froom is the CFO of H&R REIT.

H&R REIT is a notable example of a company with a significant workforce. 1,440 people are employed at H&R REIT. Their large staff suggests a complex organizational structure.

H&R REIT has a significant presence in Canada, with properties located in major cities such as Toronto and Montreal.

Its portfolio includes over 90 properties, with a total of 17 million square feet of leasable space.

H&R REIT is a publicly traded company, listed on the Toronto Stock Exchange under the ticker symbol HR.UN.

H&R REIT is based in Toronto, Ontario. I've been to Toronto, it's a great city with a lot to offer. H&R REIT is based in the same province as the Ontario government.

The NAICS code is a crucial piece of information for businesses and organizations. It's a six-digit code that categorizes industries and businesses for statistical purposes.

H&R REIT has multiple NAICS codes, including 531110, 53, 5311, 531, and 53111. These codes identify the company's specific industry and activities.

Understanding the NAICS code is essential for businesses to accurately classify their activities and report their data. This code helps the government and other organizations to track economic trends and patterns.

For instance, the NAICS code 531110 specifically identifies H&R REIT as a real estate investment trust.

The SIC code is a crucial piece of information that helps identify businesses and their respective industries.

For H&R REIT, the SIC codes are 67 and 672.

You might be wondering why SIC codes are important.

They're used for statistical purposes and to categorize businesses for tax and other regulatory purposes.

A SIC code can also help you understand the industry and market trends that a business operates in.

For H&R REIT, the SIC codes 67 and 672 indicate that it's involved in real estate and construction activities.

H&R REIT has a promising growth pipeline in cities like Austin, Dallas, Miami, and Tampa, where population and economic growth are superior to the rest of the country.

These cities offer ample room for new properties, which should continue to drive growth for H&R REIT. The REIT has a 7.2% average annual growth in FFO per unit over the last decade.

The REIT's FFO per unit growth is expected to be around 3.0% per year on average over the next five years, a more conservative estimate due to the ongoing transformation and divestment of properties.

H&R REIT has a promising pipeline of growth projects in Austin, Dallas, Miami, and Tampa, which are characterized by superior population and economic growth compared to the rest of the country.

These areas offer ample room for new properties, making it likely for H&R REIT to continue growing its FFO per unit significantly for many more years.

The REIT has a strong track record of growth, with an average annual increase of 7.2% in FFO per unit over the last decade.

However, investors should be cautious in their growth expectations due to the extensive divestment of properties amid the REIT's ongoing transformation.

Despite this, the REIT's interest expense has decreased sharply in recent quarters thanks to the extensive divestment of properties.

We expect H&R REIT to grow its FFO per unit by about 3.0% per year on average over the next five years.

H&R REIT has a solid business model in place, primarily thanks to the strong demand for its properties in the markets it serves.

The stock is offering an attractive dividend yield of 10.9% with an exceptionally low payout ratio of 62%, making it an attractive candidate for income-oriented investors.

This combination of a high dividend yield and low payout ratio results in an attractive expected return of 18% per year over the next five years.

However, investors should be aware of the risk that results from the somewhat weak balance sheet of the REIT and its ongoing transformation, which may cause some volatility in the results of the REIT going forward.

Patient investors who can ignore stock price volatility and remain focused on the long run may find this stock suitable for their portfolios.

It's worth noting that H&R REIT is characterized by exceptionally low trading volume, making it hard to establish or sell a large position in this stock.

Here are some key points to consider when evaluating H&R REIT:

H&R REIT is a real estate investment trust that provides a steady income stream through its rental properties.

One example is its ownership of the Toronto Stock Exchange, which generates significant rental income.

H&R REIT's diversified portfolio includes office buildings, apartments, and shopping centers.

Its properties are located in major cities across Canada, providing a stable source of revenue.

The company's focus on long-term value creation has allowed it to maintain a strong track record of rental growth.

By investing in H&R REIT, investors can benefit from its consistent dividend payments and potential for long-term capital appreciation.