H&R Real Estate Investment Trust
TSX:HR.UN

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H&R Real Estate Investment Trust Logo
H&R Real Estate Investment Trust
TSX:HR.UN
Watchlist
Price: 10.08 CAD 1.51% Market Closed
Market Cap: 2.6B CAD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-18%
5Y
-41%
10Y
-67%
Investing Cash Flow
+
3Y
-
5Y
+97%
10Y
-
Financing Cash Flow
+
3Y
+85%
5Y
-36%
10Y
+68%

Cash Flow Statement
H&R Real Estate Investment Trust

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Cash Flow Statement
Currency: CAD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
69
76
79
82
84
86
86
88
91
89
91
91
89
87
85
84
87
87
87
89
86
94
(29)
(30)
(2)
9
145
101
77
48
49
88
96
27
491
460
496
524
36
87
321
549
639
708
509
442
532
313
324
305
153
401
425
406
488
517
340
276
261
209
389
469
518
483
668
620
575
602
338
273
274
238
340
(678)
(751)
(573)
(625)
555
614
501
598
1 408
1 426
1 169
845
(30)
(202)
(43)
62
(1)
(215)
(262)
(120)
(204)
(97)
(410)
Depreciation & Amortization
11
15
16
17
15
20
21
23
24
33
44
54
66
72
78
85
92
74
78
82
114
89
91
93
127
99
108
118
126
129
129
126
130
136
124
107
77
83
106
138
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Change in Deffered Taxes
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
134
136
116
117
(14)
(10)
16
18
17
13
(10)
(10)
(476)
(478)
(460)
0
0
0
0
2
11
14
43
49
44
47
29
42
44
44
44
32
34
41
33
41
131
162
200
194
110
64
(40)
(49)
(70)
(61)
40
41
66
62
35
6
(14)
(37)
(54)
(31)
(27)
(30)
5
137
143
132
100
(13)
(65)
(40)
(32)
(55)
(74)
(77)
(61)
(61)
(13)
(71)
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
2
3
7
7
8
9
5
8
7
8
10
6
0
0
4
0
8
9
3
4
5
2
0
0
2
11
14
18
20
10
8
5
0
0
0
2
21
20
25
10
0
0
0
0
1
9
9
8
11
5
0
7
12
0
0
0
2
4
5
6
6
6
6
Other Non-Cash Items
2
(2)
(2)
(1)
2
(3)
(3)
(4)
(4)
1
0
1
3
3
7
7
5
13
20
23
4
(2)
(7)
(2)
(9)
(22)
(33)
(3)
16
40
38
(0)
11
67
174
266
291
311
263
193
108
(59)
(86)
(94)
(28)
57
29
315
381
444
604
357
329
351
259
216
394
439
357
394
176
104
133
191
107
167
237
194
351
410
375
415
336
1 375
1 449
1 286
1 353
143
89
209
49
(953)
(1 030)
(817)
(494)
499
723
565
447
529
758
768
605
684
522
890
Cash Taxes Paid
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Cash Interest Paid
60
67
73
72
79
85
92
95
100
105
109
115
120
129
134
144
151
155
163
170
176
184
188
184
192
191
196
199
205
208
214
215
223
221
222
226
222
222
228
241
234
268
271
0
278
407
417
488
295
304
312
307
304
298
290
283
282
278
278
280
300
296
291
286
258
262
263
265
268
274
273
280
274
272
262
248
248
234
238
236
227
222
193
189
171
180
176
171
170
160
156
155
153
150
157
161
Change in Working Capital
(5)
(7)
(30)
(13)
(13)
(26)
(14)
(14)
(9)
(21)
(6)
(21)
(26)
(20)
(59)
(52)
(74)
(53)
(40)
(45)
(36)
(26)
(42)
(45)
(35)
(39)
(20)
(15)
(6)
(12)
(12)
1
(4)
(2)
(10)
(18)
(4)
(19)
(0)
8
(23)
3
(28)
(16)
(6)
(32)
(134)
(117)
(116)
(120)
(18)
(30)
(32)
(32)
(21)
(39)
5
(12)
(22)
5
(341)
(377)
(390)
(499)
(256)
(279)
(325)
(267)
(266)
(275)
(243)
(282)
(293)
(309)
(291)
(259)
(248)
(209)
(252)
(228)
(200)
(190)
(167)
(186)
(196)
(206)
(166)
(165)
(182)
(136)
(170)
(185)
(150)
(186)
(174)
(164)
Cash from Operating Activities
76
N/A
82
+7%
64
-21%
86
+33%
88
+3%
78
-12%
90
+16%
93
+3%
102
+10%
102
+0%
130
+27%
125
-3%
132
+5%
142
+8%
110
-22%
124
+13%
110
-11%
139
+25%
157
+13%
156
0%
169
+9%
185
+9%
177
-4%
181
+2%
197
+9%
199
+1%
220
+11%
225
+2%
229
+2%
223
-2%
220
-2%
229
+4%
224
-2%
217
-3%
304
+40%
338
+11%
400
+18%
436
+9%
404
-7%
426
+5%
405
-5%
451
+11%
450
0%
479
+6%
519
+8%
516
-1%
472
-9%
558
+18%
617
+11%
670
+9%
784
+17%
771
-2%
766
-1%
756
-1%
759
+0%
736
-3%
772
+5%
744
-4%
727
-2%
769
+6%
424
-45%
390
-8%
371
-5%
240
-35%
479
+100%
459
-4%
418
-9%
468
+12%
462
-1%
449
-3%
473
+5%
433
-8%
418
-3%
394
-6%
393
0%
417
+6%
427
+2%
458
+7%
425
-7%
452
+6%
452
+0%
403
-11%
372
-8%
298
-20%
255
-14%
250
-2%
289
+16%
317
+9%
295
-7%
336
+14%
299
-11%
244
-18%
274
+12%
234
-15%
238
+2%
244
+3%
Investing Cash Flow
Other Items
(174)
(486)
(371)
(367)
(382)
(89)
(189)
(259)
(393)
(376)
(422)
(380)
(455)
(516)
(454)
(543)
(371)
(588)
(773)
(622)
(817)
(608)
(344)
(640)
(520)
(505)
(475)
(314)
(354)
(322)
(419)
(401)
(227)
(294)
(233)
(282)
(429)
(439)
(696)
(629)
(1 428)
(1 554)
(1 611)
(1 601)
(670)
(494)
(72)
(242)
(272)
(239)
(251)
(86)
132
171
(52)
47
(291)
(410)
(34)
(213)
(1)
97
(276)
(167)
(626)
(523)
32
(18)
175
90
(146)
73
(5)
146
(27)
(253)
(183)
(186)
(170)
63
1 496
1 452
1 331
1 395
226
98
192
173
113
92
303
96
173
222
20
(7)
Cash from Investing Activities
(174)
N/A
(486)
-180%
(371)
+24%
(367)
+1%
(382)
-4%
(89)
+77%
(189)
-111%
(259)
-37%
(393)
-52%
(376)
+4%
(422)
-12%
(380)
+10%
(455)
-20%
(516)
-13%
(454)
+12%
(543)
-20%
(371)
+32%
(588)
-58%
(773)
-31%
(622)
+20%
(817)
-31%
(608)
+26%
(344)
+43%
(640)
-86%
(520)
+19%
(505)
+3%
(475)
+6%
(314)
+34%
(354)
-13%
(322)
+9%
(419)
-30%
(401)
+4%
(227)
+43%
(294)
-30%
(233)
+21%
(282)
-21%
(429)
-52%
(439)
-2%
(696)
-59%
(629)
+10%
(1 428)
-127%
(1 554)
-9%
(1 611)
-4%
(1 601)
+1%
(670)
+58%
(494)
+26%
(72)
+85%
(242)
-236%
(272)
-12%
(239)
+12%
(251)
-5%
(86)
+66%
132
N/A
171
+30%
(52)
N/A
47
N/A
(291)
N/A
(410)
-41%
(34)
+92%
(213)
-518%
(1)
+99%
97
N/A
(276)
N/A
(167)
+39%
(626)
-274%
(523)
+16%
32
N/A
(18)
N/A
175
N/A
90
-49%
(146)
N/A
73
N/A
(5)
N/A
146
N/A
(27)
N/A
(253)
-849%
(183)
+28%
(186)
-1%
(170)
+9%
63
N/A
1 496
+2 282%
1 452
-3%
1 331
-8%
1 395
+5%
226
-84%
98
-57%
192
+96%
173
-10%
113
-35%
92
-18%
303
+228%
96
-68%
173
+80%
222
+28%
20
-91%
(7)
N/A
Financing Cash Flow
Net Issuance of Common Stock
243
147
154
150
13
19
44
68
214
237
206
181
64
134
139
144
262
168
286
286
289
293
394
399
259
261
211
210
161
151
(22)
(36)
12
10
6
11
13
13
199
199
473
468
452
304
151
156
(15)
134
0
0
3
3
2
(2)
(5)
(5)
(3)
(2)
(2)
(1)
(2)
6
6
5
(11)
(91)
(152)
(152)
(136)
(57)
6
6
6
2
(0)
(0)
(0)
0
0
0
0
(122)
(259)
(297)
(297)
(175)
(68)
(43)
(43)
206
235
249
0
(249)
(249)
(249)
Net Issuance of Debt
(56)
352
234
216
351
62
140
188
180
134
188
190
359
358
334
403
137
435
482
334
521
295
(4)
247
253
227
330
81
125
85
185
362
352
334
297
298
227
377
413
324
895
1 010
1 213
1 252
563
249
6
94
116
187
76
(102)
(295)
(330)
(115)
(202)
109
236
107
25
(138)
(267)
(186)
4
442
462
35
98
(111)
(85)
143
(139)
(29)
(142)
8
130
34
(56)
(130)
(318)
(1 647)
(1 424)
(1 185)
(1 148)
(51)
(45)
(266)
(199)
(207)
(444)
(633)
(483)
(228)
(23)
165
189
Cash Paid for Dividends
(68)
(73)
(77)
(82)
(84)
(86)
(88)
(89)
(93)
(98)
(103)
(108)
(111)
(114)
(118)
(121)
(126)
(131)
(136)
(141)
(146)
(152)
(158)
(165)
(170)
(176)
(182)
(188)
(147)
(121)
(97)
(62)
(79)
(79)
(75)
(81)
(84)
(87)
(91)
(95)
(99)
(108)
(119)
(141)
(158)
(159)
(209)
(231)
(257)
(295)
(280)
(282)
(281)
(279)
(275)
(270)
(268)
(268)
(270)
(272)
(274)
(277)
(282)
(286)
(291)
(303)
(329)
(355)
(379)
(394)
(394)
(394)
(394)
(395)
(362)
(313)
(264)
(214)
(198)
(198)
(227)
(248)
(235)
(222)
(180)
(162)
(165)
(168)
(171)
(184)
(183)
(183)
(183)
(189)
(189)
(189)
Other
0
0
0
0
0
0
0
0
0
0
0
0
(1)
(4)
(6)
(8)
(9)
(9)
(9)
(9)
(9)
(9)
(9)
(10)
(10)
(10)
(10)
(10)
(10)
(8)
(7)
(5)
(190)
0
(297)
(349)
(226)
(275)
(233)
(246)
(239)
(274)
(277)
(271)
(284)
(263)
(273)
(289)
(309)
(322)
(334)
(331)
(328)
(321)
(313)
(306)
(304)
(299)
(296)
(296)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(12)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Cash from Financing Activities
120
N/A
425
+256%
311
-27%
284
-9%
279
-2%
(4)
N/A
97
N/A
167
+72%
301
+80%
273
-9%
291
+6%
263
-9%
310
+18%
374
+21%
349
-7%
417
+20%
264
-37%
463
+76%
623
+34%
469
-25%
655
+39%
427
-35%
222
-48%
471
+112%
332
-30%
302
-9%
350
+16%
94
-73%
130
+39%
107
-17%
60
-44%
258
+331%
95
-63%
76
-20%
(68)
N/A
(121)
-76%
(70)
+42%
28
N/A
288
+929%
181
-37%
1 029
+467%
1 096
+7%
1 269
+16%
1 144
-10%
271
-76%
(17)
N/A
(491)
-2 774%
(292)
+41%
(449)
-54%
(430)
+4%
(534)
-24%
(712)
-33%
(902)
-27%
(933)
-3%
(708)
+24%
(782)
-10%
(466)
+40%
(333)
+29%
(461)
-38%
(543)
-18%
(413)
+24%
(474)
-15%
(316)
+33%
(68)
+78%
141
N/A
68
-52%
(447)
N/A
(409)
+8%
(627)
-53%
(536)
+14%
(245)
+54%
(526)
-115%
(417)
+21%
(534)
-28%
(354)
+34%
(183)
+48%
(230)
-26%
(270)
-18%
(328)
-21%
(517)
-58%
(1 887)
-265%
(1 806)
+4%
(1 691)
+6%
(1 680)
+1%
(528)
+69%
(383)
+28%
(499)
-30%
(410)
+18%
(420)
-3%
(422)
0%
(581)
-38%
(418)
+28%
(411)
+2%
(461)
-12%
(272)
+41%
(249)
+9%
Change in Cash
Net Change in Cash
22
N/A
21
-2%
5
-77%
2
-54%
(14)
N/A
(16)
-13%
(2)
+91%
1
N/A
9
+1 063%
(1)
N/A
(2)
-25%
9
N/A
(13)
N/A
0
N/A
5
+1 250%
(1)
N/A
3
N/A
14
+423%
6
-54%
4
-44%
6
+83%
4
-36%
56
+1 254%
12
-78%
9
-26%
(5)
N/A
95
N/A
4
-96%
5
+28%
9
+74%
(139)
N/A
85
N/A
92
+8%
(1)
N/A
2
N/A
(65)
N/A
(99)
-53%
25
N/A
(4)
N/A
(22)
-484%
6
N/A
(7)
N/A
108
N/A
22
-80%
121
+455%
5
-96%
(92)
N/A
25
N/A
(104)
N/A
2
N/A
(1)
N/A
(27)
-3 225%
(4)
+85%
(6)
-41%
(1)
+91%
1
N/A
15
+1 971%
1
-97%
232
+46 360%
13
-94%
10
-26%
12
+26%
(221)
N/A
4
N/A
(6)
N/A
4
N/A
3
-37%
42
+1 448%
11
-74%
3
-76%
81
+3 031%
(20)
N/A
(5)
+78%
6
N/A
12
+124%
(19)
N/A
14
N/A
2
-88%
(72)
N/A
(2)
+97%
61
N/A
49
-21%
12
-75%
14
+10%
(47)
N/A
(35)
+27%
(18)
+49%
80
N/A
(13)
N/A
6
N/A
21
+235%
(78)
N/A
36
N/A
(5)
N/A
(14)
-205%
(11)
+22%
Free Cash Flow
Free Cash Flow
76
N/A
82
+7%
64
-21%
86
+33%
88
+3%
78
-12%
90
+16%
93
+3%
102
+10%
102
+0%
130
+27%
125
-3%
132
+5%
142
+8%
110
-22%
124
+13%
110
-11%
139
+25%
157
+13%
156
0%
169
+9%
185
+9%
177
-4%
181
+2%
197
+9%
199
+1%
220
+11%
225
+2%
229
+2%
223
-2%
220
-2%
229
+4%
224
-2%
217
-3%
304
+40%
338
+11%
400
+18%
436
+9%
404
-7%
426
+5%
405
-5%
451
+11%
450
0%
479
+6%
519
+8%
516
-1%
472
-9%
558
+18%
617
+11%
670
+9%
784
+17%
771
-2%
766
-1%
756
-1%
759
+0%
736
-3%
772
+5%
744
-4%
727
-2%
769
+6%
424
-45%
390
-8%
371
-5%
240
-35%
479
+100%
459
-4%
418
-9%
468
+12%
462
-1%
449
-3%
473
+5%
433
-8%
418
-3%
394
-6%
393
0%
417
+6%
427
+2%
458
+7%
425
-7%
452
+6%
452
+0%
403
-11%
372
-8%
298
-20%
255
-14%
250
-2%
289
+16%
317
+9%
295
-7%
336
+14%
299
-11%
244
-18%
274
+12%
234
-15%
238
+2%
244
+3%

See Also

Summary
HR.UN intrinsic value, competitors valuation, and company profile.
DCF Valuation
HR.UN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
HR.UN stock valuation using valuation multiples.
Wall Street Estimates
HR.UN price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
HR.UN stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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