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
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Price: 10.49 CAD 0.38% Market Closed
Market Cap: 2.8B CAD
Section:
 

Relative Value

The Relative Value of one HR.UN stock under the Base Case scenario is 21.64 CAD. Compared to the current market price of 10.49 CAD, H&R Real Estate Investment Trust is Undervalued by 52%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

HR.UN Relative Value
Base Case
21.64 CAD
Undervaluation 52%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3.4
P/S
P/S
Price to Sales
3.4
vs History
41
vs Industry
50
Median 3Y
3.2
Median 5Y
3.3
Industry
3.8
Forward
2.8
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
11
Median 3Y
-12.8
Median 5Y
-6.2
Industry
16.3
Forward
-636.5
More Details
11.3
P/OCF
P/OCF
Price to OCF
11.3
vs History
23
vs Industry
40
Median 3Y
10.2
Median 5Y
8.9
Industry
11.1
More Details
9.3
P/FCFE
P/FCFE
Price to FCFE
9.3
vs History
42
vs Industry
34
Median 3Y
-2.7
Median 5Y
-2.3
Industry
12.8
More Details
0.6
P/B
P/B
Price to Book Value
0.6
vs History
23
vs Industry
66
Median 3Y
0.5
Median 5Y
0.6
Industry
0.9
More Details
7.4
EV/S
EV/S
Enterprise Value to Sales
7.4
vs History
49
vs Industry
43
Median 3Y
7.4
Median 5Y
7.4
Industry
6.8
Forward
6.2
More Details
11.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
11.9
vs History
46
vs Industry
49
Median 3Y
11.6
Median 5Y
11.9
Industry
12.5
More Details
12.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
12.4
vs History
47
vs Industry
51
Median 3Y
12.1
Median 5Y
12.3
Industry
15.8
Forward
10.7
More Details
12.4
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
12.4
vs History
47
vs Industry
53
Median 3Y
12.1
Median 5Y
12.3
Industry
19.1
More Details
24.8
EV/OCF
EV/OCF
Enterprise Value to OCF
24.8
vs History
22
vs Industry
32
Median 3Y
23.3
Median 5Y
20.7
Industry
18.4
More Details
24.8
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
24.8
vs History
22
vs Industry
31
Median 3Y
23.3
Median 5Y
20.7
Industry
20.5
More Details
0.6
EV/IC
EV/IC
Enterprise Value to IC
0.6
vs History
36
vs Industry
61
Median 3Y
0.6
Median 5Y
0.6
Industry
0.8
More Details

Multiples Across Competitors

HR.UN Competitors Multiples
H&R Real Estate Investment Trust Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
H&R Real Estate Investment Trust
TSX:HR.UN
2.8B CAD 3.4 -6.7 12.4 12.4
ZA
Growthpoint Properties Ltd
JSE:GRT
58.3B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
38.3B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
14.2B USD 8.4 38.8 16.5 26.1
ZA
Attacq Ltd
JSE:ATT
11.2B Zac 0 0 0 0
ZA
Fairvest Ltd
JSE:FTA
10.9B Zac 0 0 0 0
JP
KDX Realty Investment Corp
OTC:KDXRF
9.5B USD 19.1 44.1 39.6 49.9
AU
Stockland Corporation Ltd
ASX:SGP
14.1B AUD 4.5 17 23.3 23.3
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
8.4B Zac 0 0 0 0
AU
Charter Hall Group
ASX:CHC
12.2B AUD 17.8 54.2 27.2 27.2
ES
MERLIN Properties SOCIMI SA
MAD:MRL
6.9B EUR 13.3 10.8 26.7 27.1
P/E Multiple
Earnings Growth PEG
CA
H&R Real Estate Investment Trust
TSX:HR.UN
Average P/E: 33
Negative Multiple: -6.7 		N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
3%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
2%
N/A
US
WP Carey Inc
NYSE:WPC
38.8
10%
3.9
ZA
A
Attacq Ltd
JSE:ATT
Not Available
-10%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
44.1
-12%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
17
7%
2.4
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
11%
N/A
AU
Charter Hall Group
ASX:CHC
54.2
34%
1.6
ES
MERLIN Properties SOCIMI SA
MAD:MRL
10.8
7%
1.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
H&R Real Estate Investment Trust
TSX:HR.UN
Average EV/EBITDA: 24.3
12.4
-2%
N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-1%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
1%
N/A
US
WP Carey Inc
NYSE:WPC
16.5
8%
2.1
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
39.6
-2%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
23.3
19%
1.2
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
0%
N/A
AU
Charter Hall Group
ASX:CHC
27.2
21%
1.3
ES
MERLIN Properties SOCIMI SA
MAD:MRL
26.7
10%
2.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
H&R Real Estate Investment Trust
TSX:HR.UN
Average EV/EBIT: 27.7
12.4
N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-2%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
5%
N/A
US
WP Carey Inc
NYSE:WPC
26.1
11%
2.4
ZA
A
Attacq Ltd
JSE:ATT
Not Available
4%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
49.9
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
23.3
18%
1.3
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available N/A N/A
AU
Charter Hall Group
ASX:CHC
27.2
20%
1.4
ES
MERLIN Properties SOCIMI SA
MAD:MRL
27.1
20%
1.4

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
Discover More
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