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: 11.85 CAD -0.34% Market Closed
Market Cap: 3.1B CAD

Relative Value

The Relative Value of one HR.UN stock under the Base Case scenario is 20.49 CAD. Compared to the current market price of 11.85 CAD, H&R Real Estate Investment Trust is Undervalued by 42%.

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
20.49 CAD
Undervaluation 42%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
6
vs Industry
50
Median 3Y
3.2
Median 5Y
3.2
Industry
3.8
Forward
3.2
vs History
vs Industry
11
Median 3Y
-12.7
Median 5Y
-4.3
Industry
16.9
Forward
9.8
vs History
0
vs Industry
40
Median 3Y
8.9
Median 5Y
8.7
Industry
11.1
vs History
19
vs Industry
34
Median 3Y
-3.1
Median 5Y
-2.5
Industry
13.1
vs History
20
vs Industry
66
Median 3Y
0.5
Median 5Y
0.5
Industry
0.9
vs History
57
vs Industry
43
Median 3Y
7.3
Median 5Y
7.4
Industry
6.7
Forward
6.1
vs History
50
vs Industry
49
Median 3Y
11.5
Median 5Y
11.7
Industry
12.3
vs History
46
vs Industry
51
Median 3Y
11.9
Median 5Y
12.3
Industry
16
Forward
10
vs History
46
vs Industry
53
Median 3Y
11.9
Median 5Y
12.3
Industry
19.3
vs History
12
vs Industry
32
Median 3Y
21.5
Median 5Y
20.7
Industry
18.5
vs History
12
vs Industry
31
Median 3Y
21.5
Median 5Y
20.7
Industry
20.2
vs History
66
vs Industry
61
Median 3Y
0.6
Median 5Y
0.6
Industry
0.8

Multiples Across Competitors

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

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
H&R Real Estate Investment Trust
TSX:HR.UN
3.1B CAD 3.8 -15.3 12.4 12.4
ZA
Growthpoint Properties Ltd
JSE:GRT
48.4B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
31.1B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
13.8B USD 8.6 32.4 16.5 27.3
ZA
Attacq Ltd
JSE:ATT
10B Zac 0 0 0 0
JP
KDX Realty Investment Corp
OTC:KDXRF
9.5B USD 17.8 41.2 37.5 47.2
AU
Stockland Corporation Ltd
ASX:SGP
12.8B AUD 4.2 28.6 25.1 25.1
FR
Gecina SA
PAR:GFC
6.6B EUR 9.5 21.3 22.4 22.9
ES
MERLIN Properties SOCIMI SA
MAD:MRL
6.5B EUR 13 21.6 24.8 25.1
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
7.4B Zac 0 0 0 0
ZA
Fairvest Ltd
JSE:FTA
7.4B Zac 0 0 0 0
P/E Multiple
Earnings Growth PEG
CA
H&R Real Estate Investment Trust
TSX:HR.UN
Average P/E: 29
Negative Multiple: -15.3
N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-65%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
2%
N/A
US
WP Carey Inc
NYSE:WPC
32.4
10%
3.2
ZA
A
Attacq Ltd
JSE:ATT
Not Available
-4%
N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
41.2
-13%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
28.6
44%
0.6
FR
Gecina SA
PAR:GFC
21.3
19%
1.1
ES
MERLIN Properties SOCIMI SA
MAD:MRL
21.6
8%
2.7
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
9%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
H&R Real Estate Investment Trust
TSX:HR.UN
Average EV/EBITDA: 23.1
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
0%
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
JP
KDX Realty Investment Corp
OTC:KDXRF
37.5
-1%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
25.1
17%
1.5
FR
Gecina SA
PAR:GFC
22.4
5%
4.5
ES
MERLIN Properties SOCIMI SA
MAD:MRL
24.8
10%
2.5
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
0%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
H&R Real Estate Investment Trust
TSX:HR.UN
Average EV/EBIT: 26.7
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
27.3
11%
2.5
ZA
A
Attacq Ltd
JSE:ATT
Not Available
4%
N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
47.2
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
25.1
17%
1.5
FR
Gecina SA
PAR:GFC
22.9
12%
1.9
ES
MERLIN Properties SOCIMI SA
MAD:MRL
25.1
11%
2.3
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available N/A N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A