H&R Real Estate Investment Trust (TSE:HR.UN) Full Year 2024 Results

Key Financial Results

Revenue: CA$876.4m (down 3.0% from FY 2023). Funds from operations (FFO): CA$334.4m (down 10% from FY 2023). FFO margin: 38% (down from 41% in FY 2023). FFO per share: CA$1.3 (down from CA$1.42 in FY 2023).TSX:HR.UN Revenue and Expenses Breakdown February 18th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

H&R Real Estate Investment Trust Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates.

The primary driver behind last 12 months revenue was the Office segment contributing a total revenue of CA$435.2m (50% of total revenue). The most substantial expense, totaling CA$678.4m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how HR.UN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the REITs industry in North America.

Performance of the market in Canada.

The company's shares are up 4.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted  2 warning signs for H&R Real Estate Investment Trust you should be aware of, and 1 of them is a bit unpleasant.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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