The earnings call presented a mixed performance with significant challenges in the residential and industrial segments, along with large fair value write-downs and uncertainty in asset sales. However, strong performance in the office and retail segments, healthy financial ratios, and technological innovation in the residential segment were positive aspects.
Company Guidance
During the H&R Real Estate Investment Trust's 2025 Third Quarter Earnings Conference Call, the management provided extensive guidance on the company's performance and strategic direction. As of September 30, 2025, H&R's real estate assets were valued with a distribution of 50% in residential, 19% in industrial, 16% in office, and 15% in retail, with 71% of the assets located in the United States. The company reported a 2.1% increase in same-property net operating income (NOI) on a cash basis for the first nine months of 2025 compared to the same period in 2024, even as they faced challenges such as multifamily supply concerns and a weak office market. Funds from operations (FFO) remained steady at $0.90 per unit for the nine-month period ending September 30, 2025, and the payout ratios were described as healthy, with FFO at 50% and adjusted funds from operations (AFFO) at 61.3%. Debt to total assets was 47.3%, and debt-to-EBITDA was 9.3x. The company also highlighted its strategic focus on U.S. residential and industrial properties, with plans for $2.6 billion in asset sales to deleverage and optimize its portfolio. The management conveyed confidence in the sustainability of the current distribution, assured by a robust balance sheet and strategic asset dispositions.
Strong Office and Retail Segment Performance
Office segment same-property net operating income on a cash basis increased 0.5% for Q3 versus Q3 last year and was up 1.5% for the 9 months 2025 versus the same period last year. Retail segment same-property net operating income cash basis increased 5.3% for Q3 2025 versus Q3 last year and was up 7.3% for the 9 months 2025 versus the same period last year.
Healthy Financial Ratios
FFO payout ratio was a healthy 50% for the 9 months ended September 30, 2025, and the AFFO payout ratio was also healthy at 61.3%. Debt to total assets at the REIT's proportionate share at September 30, 2025, was 47.3%.
Technological Innovation in Residential Segment
AI-driven leasing platform ensures 100% coverage of calls, e-mails, and texts, reducing days between application and lease signing and reducing bad debt by half post-centralization.
H&R Real Estate ate Staple (TSE:HR.UN) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
TSE:HR.UN Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 14, 2025
C$11.02
C$9.94
-9.76%
Aug 13, 2025
C$11.59
C$11.72
+1.10%
May 14, 2025
C$9.91
C$9.82
-0.98%
Feb 12, 2025
C$9.16
C$9.20
+0.41%
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.
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 Feb 12, 2026, TBA (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 Feb 12, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.