H&R Real Estate Investment Trust Overview
Pro stress-test →H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $9.6 billion as at September 30, 2025. The REIT has ownership interests in a Canadian and U.S. portfolio comprised of high-quality residential, industrial, office and retail properties comprising over 25.7 million square feet. As a dividend-paying REIT, it generates revenue primarily through rental income from its diversified property portfolio across North America.
Strategic Profile
Pro stress-test →The majority of H&R's income is generated by its United States properties. The company operates through four distinct segments (Residential, Industrial, Office, and Retail), which provides diversification across property types and geographies. H&R has been pursuing a simplification and portfolio optimization strategy, with recent asset sales accelerating this transformation.
Competitive Landscape
Pro stress-test →H&R operates in the Canadian REIT market dominated by peers such as CT Real Estate Investment Trust, Calloway Real Estate Investment Trust, and RioCan Real Estate Investment Trust. The company differentiates through its significant US exposure (particularly residential through Lantower Residential) and diversified property mix. However, it faces competitive pressure from well-capitalized institutional investors pursuing similar portfolio optimization strategies.
Industry Context
H&R Real Estate Investment Trust operates in Real Estate Investment Trusts (REITs) - Diversified.
Key facts
Founded: 1996 · Headquarters: Toronto, Canada