The earnings call presented a mixed outlook with strong liquidity and growth in the industrial and retail segments. However, challenges in the residential market, geopolitical uncertainties, and difficulties in asset sales balanced the positive aspects.
Company Guidance
During the H&R Real Estate Investment Trust's 2025 First Quarter Earnings Conference Call, the company provided insights into its financial and operational performance. The property net operating income grew by 4.4% on a cash basis, with the office segment seeing a 1.2% increase and the retail segment experiencing an 8.2% rise in same property net operating income. However, the residential segment saw a decrease of 0.8% due to declining average rental rates and higher operating costs in certain areas, while the industrial segment's income increased by 4.5%. The office occupancy rate stood at 96.7% with an average lease term of 5.8 years, and the retail portfolio comprised 15% of the overall portfolio value. The company maintained a strong balance sheet with a debt-to-total assets ratio of 44.1% and liquidity exceeding $870 million. Additionally, H&R REIT sold eight retail assets for $60 million and continued to focus on strategic asset recycling and development opportunities, particularly in the Sunbelt region. The REIT also highlighted the strong demand in its multifamily platform, stable resident retention, and ongoing development projects, including a pipeline of over 2,900 suites.
Strong Liquidity Position
H&R REIT reported liquidity in excess of $870 million as of March 31, 2025, with an unencumbered property pool of approximately $4.5 billion.
Industrial Segment Performance
The industrial segment's same property net operating income increased by 4.5%, and the average Canadian industrial rent increased from $7.17 per square foot in June 2021 to $9.52 per square foot in March 2025.
Retail Segment Growth
Retail segment's same property net operating income increased by 8.2% due to occupancy gains at River Landing and Forex.
High Occupancy and Tenant Quality in Office Segment
Office occupancy was 96.7% with 87.8% of office revenue from investment-grade tenants; this segment saw a 1.2% increase in same property net operating income.
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
May 14, 2025
C$10.18
C$10.08
-0.98%
Feb 12, 2025
C$9.41
C$9.45
+0.43%
Nov 12, 2024
C$10.07
C$9.88
-1.89%
Aug 14, 2024
C$9.03
C$9.04
+0.11%
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 Staple (TSE:HR.UN) report earnings?
H&R Real Estate Staple (TSE:HR.UN) is schdueled to report earning on Aug 13, 2025, TBA Not Confirmed.
What is H&R Real Estate Staple (TSE:HR.UN) earnings time?
H&R Real Estate Staple (TSE:HR.UN) earnings time is at Aug 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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