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H&R Real Estate ate Staple (TSE:HR.UN)
TSX:HR.UN
Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 5.42%
|Next Earnings Date:May 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. On the positive side, the industrial and multifamily segments showed strong performance, and the company's liquidity and balance sheet remain robust. However, challenges persist in the office segment and Sunbelt market lease trade-outs, coupled with flat FFO growth and difficult market conditions for transactions.Company Guidance
During the H&R Real Estate Investment Trust 2024 Fourth Quarter Earnings Conference Call, the guidance provided highlighted key financial metrics and strategic initiatives. The company reported that 70% of its real estate assets by value are now in the United States. The office segment saw a 2.8% decrease in same property net operating income, with occupancy at 96.8% and an average lease term of six years. The residential segment reported a 0.5% increase in net operating income on a cash basis, with U.S. residential rents rising from $21.16 to $26.84 per square foot between June 2021 and December 2024. The retail segment experienced a 5% increase in same property net operating income, while the industrial segment grew by 6.3%. Financially, the REIT maintained a healthy balance sheet with a debt to total assets ratio of 43.7% and liquidity exceeding $900 million. The company also outlined plans for asset sales, including possible dispositions of Echo and [Indiscernible] positions, with proceeds potentially used for deleveraging or share buybacks, depending on the volume of sales.Strong Industrial Segment Performance
Industrial segment's same property net operating income increased by 6.3%. The portfolio continues to perform well, with significant rent increases from $7.17 to $9.66 per square foot.
Positive Multifamily Sector Trends
In the U.S., multifamily demand remains strong with over 230,000 units absorbed in Q4. Retention was 59%, and rental growth is evident with a notable increase in average U.S. residential rents from $21.16 to $26.84 per square foot.
High Liquidity and Strong Balance Sheet
Liquidity was in excess of $900 million, with an unencumbered property pool of $4.4 billion. Debt to total assets ratio was 43.7%, and debt to EBITDA was at 9.4 times.
High Occupancy Rates
Office occupancy at December 31, 2024, was 96.8%, with a substantial portion of office revenue (87.6%) coming from investment-grade tenants.
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TSE:HR.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:HR.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | C$9.60 | C$9.64 | +0.42% |
| Nov 12, 2024 | C$10.27 | C$10.08 | -1.85% |
| Aug 14, 2024 | C$9.21 | C$9.22 | +0.11% |
| May 14, 2024 | C$8.65 | C$8.77 | +1.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does H&R Real Estate ate Staple (TSE:HR.UN) report earnings?
H&R Real Estate ate Staple (TSE:HR.UN) is schdueled to report earning on May 20, 2025, TBA Not Confirmed.
What is H&R Real Estate ate Staple (TSE:HR.UN) earnings time?
H&R Real Estate ate Staple (TSE:HR.UN) earnings time is at May 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:HR.UN EPS forecast?
Currently, no data Available
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