Market dataIncome framework read
REITTSXCanada

HR-UN.TO

H&R REIT

Real EstateREIT distributionMonthly

Market Snapshot

$10.25

-$0.03 (-29.18%)

Toronto

Yield

5.84%

Rate $0.60

Next Payment

—

Ex-date 2026-07-31

52wk Position

30.07%

-16.33% below high

Updated —

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Monthly income profile is visible

HR-UN.TO has an income profile aligned with its reit role. Provider data shows 12 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

HR-UN.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.49.

3

Main watch item

Editorial framework

Tax character and account placement matter

HR-UN.TO is a REIT-style holding. The headline distribution can mix income, capital gains, and return of capital, so taxable-account reporting and account placement deserve attention.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Failed
Cash
$5.00
APR
0.488
Coverage
0.488

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$5.00
Cushion
-$5.25
Cushion %
-51.22%
Current $10.25Break $5.00

Smart Recommendation

HR-UN.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Moderate

3mo ago

DRIP availability

Available

3mo ago

Tax character

Distribution / ROC

3mo ago

Distribution history

5–10 yr track

3mo ago

Structure complexity

Moderate

3mo ago

Income trend

Stable

3mo ago

Account suitability

RRSP / RRIF optimal

3mo ago

Structure Overview

H&R REIT (HR.UN) is a diversified Canadian REIT owning office, industrial, residential, and retail properties. HR.UN cut its distribution during COVID-19 and has been repositioning its portfolio toward industrial and residential while reducing office exposure. The post-cut distribution is at a lower but more defensible level relative to the property mix being built.

Canadian Planning Notes

  • 1HR.UN's 2020 distribution cut and subsequent portfolio repositioning make pre-2020 history less relevant for forward planning; focus on post-2021 metrics.
  • 2REIT distributions include ROC; RRSP or RRIF placement removes the annual ACB complexity.
  • 3DRIP is available; monitor the office-to-industrial/residential portfolio transition progress in each quarterly report.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$10.25

Previous close

$10.28

Day range

$10.17 - $10.29

52wk range

$9.39 - $12.25

Market cap

2.9B

Volume

666.3K

Avg volume

805.3K

Exchange

Toronto

Dividend and distribution

Forward rate

$0.60

Trailing rate

$0.60

Forward yield

5.84%

Trailing yield

5.84%

Per payment

$0.05

Cadence

Monthly

Next ex-date

Jul 31, 2026

Next pay

Aug 14, 2026

Last dividend

$0.05

Last dividend date

Jul 31, 2026

Performance

Daily change

-$0.03

Daily change %

-29.18%

52wk position

30.07%

Below 52wk high

-16.33%

Above 52wk low

9.16%

Open

$10.25

Earnings and financials

Trailing EPS

-2.17

Forward EPS

1.24

Revenue

831.3M

Revenue growth

-12.30%

Profit margin

-68.68%

Operating margin

66.48%

Payout ratio

N/A

Free cash flow

-479.8M

Total cash

68.6M

ROE

-12.81%

ROA

3.71%

Debt/equity

63.92

Beta

1.09

Valuation

Trailing P/E

N/A

Forward P/E

8.27

Price/sales

3.45

Price/book

0.65

Enterprise value

5.3B

EV/EBITDA

N/A

Analyst facts

Target mean

$11.80

Target high

$13.00

Target low

$11.00

Recommendation mean

2.4

Recommendation key

buy

Analysts

5

Canadian Context

Account placement

TFSA

REIT distributions can mix income, capital gains, eligible dividends, and return of capital. Sheltering the holding avoids annual T3 complexity.

RRSP: Also shelters distribution complexity when TFSA room is limited.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.