H&R REIT (HR.UN) Facts

Is H&R REIT's distribution safe?

H&R REIT (HR.UN) currently screens as covered under REIT Stack's deterministic distribution-safety methodology using extraction-period inputs as of June 30, 2026. The public inputs on this sheet show AFFO payout ratio 60.5% and FFO payout ratio 57.8% from that extraction period, plus Distribution Yield 5.91% from the public market snapshot as of August 25, 2026; the engine driver summary is AFFO payout 61%: Comfortably covered by adjusted cash flow. This verdict is a screening signal, not a credit rating or investment recommendation.

Distribution-safety methodology

Is H&R REIT trading below Reported NAV?

H&R REIT (HR.UN) has Price / Reported NAV of 0.64x, using price $10.29 from the public market snapshot as of August 25, 2026 and Reported NAV / Unit $16.09 from issuer filings as of December 31, 2025. This is a 36.1% discount to Reported NAV. This uses issuer-reported Reported NAV only, not REIT Stack Real Estate NAV or Market-Implied NAV.

Reported NAV, Real Estate NAV, and Market-Implied NAV taxonomy

What does H&R REIT own?

H&R REIT (HR.UN) describes its portfolio this way: H&R REIT is one of Canada's largest diversified REITs, actively transforming its portfolio toward residential and industrial assets through a multi-year strategic repositioning. With holdings spanning office, retail, residential, and industrial properties totalling approximately 40 million square feet, H&R under CEO Thomas Hofstedter is monetizing non-core commercial assets to fund higher-growth residential and logistics investments aligned with long-term demographic and supply-chain tailwinds. The same public row lists Market Cap $2.9B as of August 25, 2026 and sector Diversified; property-level inventory, source breadcrumbs, and historical period detail remain in the member product.