Canada's H&R REIT posts Q4 net loss
Overview
Canada real estate REIT reports Q4 net loss
Q4 adjusted FFO and FFO increased compared to last year
Company focused on residential and industrial properties after strategic repositioning
Outlook
Company expects to close sales of Hess Tower and 3 Canadian retail properties in Q1 2026
Company anticipates substantial completion of two industrial properties in Q1 2026
Result Drivers
ASSET SALES - H&R REIT completed significant asset sales, including the spin-off of shopping centers and sales of properties
FAIR VALUE ADJUSTMENTS - Fair value adjustments on real estate assets were primarily due to strategic reviews and changes in municipal policies in New York
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Income |
| -C$250.31 mln |
|
Q4 Adjusted FFO |
| C$72.94 mln |
|
Q4 FFO |
| C$87.28 mln |
|
Q4 Operating Income |
| C$143.11 mln |
|
Press Release: ID:nCNWXTSnva
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