Canada's H&R REIT posts Q4 net loss

Reuters
Feb 13
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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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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