)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
H&R Real Estate Investment Trust (HR) investor relations material
H&R Real Estate Investment Trust Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary14 Aug, 2025
Executive summary
Achieved 3.4% growth in same property NOI (cash basis) for H1 2025, with FFO per unit at $0.314 in Q2 and $0.61 in H1, despite market headwinds and fair value write-downs.
Strategic repositioning increased residential and industrial exposure to 67% of the portfolio, with over $2.5B in office and retail asset sales since June 2021.
Sold or agreed to sell $121.6M in real estate assets in H1 2025; 70% of real estate assets by value now in the US.
Special Committee formed in February 2025 to evaluate value-maximizing alternatives after unsolicited interest; $8.7M in related transaction costs incurred.
Portfolio occupancy at 93.0% as of June 30, 2025, with a simplified, growth-oriented asset base.
Financial highlights
FFO per unit for Q2 2025 was $0.314, up 2.6% year-over-year; AFFO per unit was $0.262; NAV per unit at $18.86 as of June 30, 2025.
FFO payout ratio was 47.8% in Q2 2025; AFFO payout ratio was 57.3%.
Total assets were $9.89B as of June 30, 2025, down from $10.62B at year-end 2024.
Net loss for Q2 2025 was $166.4M, compared to $272.7M in Q2 2024, mainly due to fair value adjustments.
$437.4M in liquidity and $4.3B in unencumbered properties as of June 30, 2025.
Outlook and guidance
Focus on growing Class A residential and industrial exposure in high-growth U.S. markets, especially the Sunbelt and GTA.
Ongoing rezoning of $250M in office assets to upscale residential, with Toronto approvals expected in Q1 2026.
Development pipeline includes multiple residential and industrial projects in the U.S. Sun Belt and GTA, with completions expected in late 2025 and mid-2026.
Asset sales to continue as market conditions permit, with proceeds redeployed into core growth areas.
Anticipate stronger multifamily performance in 2026 as supply moderates and demand remains robust.
Why did Toronto office valuations decrease?
Assess impact of industrial vacancies on occupancy.
Elaborate on Special Committee's value alternatives.
What's driving Lantower's resilient performance?
What's the status of Hess Tower sale prospects?
How are asset sales slowed, not on hold?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next H&R Real Estate Investment Trust earnings date
Q3 202514 Nov, 2025
Next H&R Real Estate Investment Trust earnings date
Q3 202514 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
)
Edge19 Sep 2025
American Express: An Empire of Plastic
How history, brand, and structure have steadily built American Express' moat, and why Warren Buffett still calls it a one-of-a-kind business.
Frequently asked questions
H&R REIT is one of Canada's largest real estate investment trusts with a total of $13.3 billion in assets under management as of 2020. H&R invests in multi-tenant properties in primary and secondary markets across Canada, the United States, the United Kingdom and Germany. The management team at H&R REIT focuses on maximizing value by growing its real estate portfolio through accretive acquisitions and development opportunities while leveraging its scale to generate competitive returns for Unitholders and an attractive risk adjusted return for shareholders.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage