About H&R Real
H&R Real is a publicly listed company based in Toronto (Canada) founded in 1996. Equity REIT that invests in office, retail, industrial and residential properties. The company has 440 employees. H&R Real has completed 1 acquisition, including Primaris REIT. Its chief executive, as recorded, is Thomas Hofstedter. H&R Real offers products and services including Property Leasing and Property Management. Its focus areas include REITs, Equity and Diversified. Its legal entity is H&R Real Estate Investment Trust. Its competitors include Morguard, Dream and Choice Properties REIT.
Company details
HR Real was founded in 1996 and is headquartered in Toronto, Canada. Operations are conducted as an equity real estate investment trust, with a portfolio centered on office, retail, industrial, and residential properties. Investments are allocated across these sectors to generate income through leasing and property management. Leadership is provided by CEO and President Thomas Hofstedter, overseeing activities in the Canadian real estate market.
- Headquarters Toronto, Canada
- Employees 440
- Stage Public
- SectorsFinancial Services
- Email••••••••
- Website hr-reit.com
- Social LinkedIn
- Legal Name H&R Real Estate Investment Trust
- Annual Revenue$595.34 M (USD)-0.23as on Dec 31, 2025
- Net Profit-$578.12 M (USD)-561.21as on Dec 31, 2025
- EBITDA$335.57 M (USD)-6.4as on Dec 31, 2025
- Latest Funding Round$125M (USD), Debt – Conventional
Feb 2018
- InvestorsScotiabank
& 3 more
- Employee Count440
- Investments & Acquisitions
Products & Services of H&R Real
H&R Real offers a comprehensive portfolio of products and services, including Property Leasing and Property Management.
Leasing of residential and commercial spaces for tenants
Management of industrial and office properties for investors
Funding Insights of H&R Real
- Total Rounds 2
- Last Round Debt – Conventional — $125M
- First Round $150M
(Apr 2017)
- Investors Count 4
All 2 funding rounds of HR Real with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2018 | $125M | Debt – Conventional | – | – | |
| Apr 2017 | $150M | Debt – Conventional | – | – |
4 investors in total: 4 institutional.
Investors in H&R Real
H&R Real has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Scotiabank, TD Securities and BMO Capital Markets.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
M&A and corporate advisory services are provided across multiple sectors. | 1987 | tdsecurities.com | Toronto, Canada | |
Financial services in capital markets are provided by BMO. | capitalmarkets.bmo.com | |||
| cibcwm.com | ||||
Commercial banking services are provided internationally by Scotiabank. | 1832 | scotiabank.com | Toronto, Canada |
Investor details for HR Real
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People of H&R Real
31 people are tracked at H&R Real (4 in leadership, 9 in board & advisors, 18 in team); the tracked headcount is 440.
| Name | Role | Group |
|---|---|---|
Thomas Hofstedter | CEO & President | Leadership |
Emily Watson | COO, Lantower Residential | Leadership |
Larry Froom | CFO | Leadership |
Thomas J. Hofstedter | Executive Chairman & CEO | Leadership |
Lindsay Brand | Trustee | Board & advisors |
Leonard Abramsky | Trustee | Board & advisors |
Mark Cowie | Trustee | Board & advisors |
Jennifer Chasson | Trustee | Board & advisors |
Stephen Gross | Trustee | Board & advisors |
Brenna Haysom | Trustee | Board & advisors |
Marvin Rubner | Trustee | Board & advisors |
Juli Morrow | Trustee | Board & advisors |
Donald E. Clow | Trustee | Board & advisors |
Audrey Craig | EVP, Accounting | Team |
Robyn Kestenberg | EVP, Office & Industrial | Team |
Cheryl Fried | EVP, Finance | Team |
Jon Wiles | Finance Manager | Team |
Nora Townsend | Operations Manager | Team |
Rama Krishna | Software Engineer | Team |
Olivia Capra | Project And Security Administrative Assistant | Team |
11 more people are available in the full profile.
Complete people profiles for H&R Real
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IPO & Listings of H&R Real
H&R Real is a publicly listed company on the TSX with ticker symbol HR.UN in Canada, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date30 Oct 2008
- Listed onOTCMKTS: HRUFF
- Listed entityH&R Real Estate Investment Trust
- Exchange sectorFinance
- ISINCA4039254079
- Share price9.72 CAD (+1.57% on the day) · 2026-10-13
- Market capitalisation2,572,271,053.00 CAD
- EPS (diluted, trailing year)-2.17 CAD
- Dividend yield6.17%
- Volume (last session)1,179,340
Financials of H&R Real
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 815.1M CAD | -791.6M CAD | 459.5M CAD |
| 2024 | 817.0M CAD | -119.7M CAD | 490.9M CAD |
| 2023 | 877.7M CAD | 61.7M CAD | 583.3M CAD |
| 2022 | 834.6M CAD | 844.8M CAD | 551.2M CAD |
| 2021 | 1.07B CAD | 597.9M CAD | 677.5M CAD |
Detailed financial statements for H&R Real
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Investments & Acquisitions by H&R Real
H&R Real has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Primaris REIT.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Retail shopping centres are owned and managed by Primaris REIT. | primarisreit.com | Toronto, Canada | 2003 | Apr 2013 | $4.47B |
Complete acquisition details for HR Real
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Timeline of H&R Real
5 dated milestones of H&R Real across 22 years, from founding to its latest funding, stage changes and deals.
- Founded H&R Real is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Primaris REIT.
- Funding First funding round of $150.0M.
- Funding Latest funding round, Debt – Conventional, of $125.0M.
Competitors of H&R Real
H&R Real has 3 listed competitors in our database. They include Morguard, Dream and Choice Properties REIT.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| morguard.com | 1905 | Toronto, Canada | 185 | Real estate investment company | ||
| dream.ca | 1994 | Toronto, Canada | 49 | Equity REIT investments are directed toward residential and commercial assets. | ||
| choicereit.ca | 2013 | Toronto, Canada | 230 | Equity REIT that invests in office, retail and industrial properties |
Detailed competitors of HR Real
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Web traffic of H&R Real
The website of H&R Real (hr-reit.com) receives about 8.7K visits a month.
- Monthly visits8.7K
▲ 7.8% vs previous month
Websites whose visitors overlap most with H&R Real. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| choicereit.ca | 100% | 14.9K | #1,647,206 | View details | |
| dream.ca | 96% | 18.6K | #1,388,930 | View details | |
| creit.ca | 93% | View details | |||
| pebblebrookhotels.com | 88% | 5.3K | #3,695,755 | View details | |
| sunlightreit.com | 87% | #6,725,680 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for H&R Real
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Related news about H&R Real
Complete news archive for HR Real
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Frequently Asked Questions about H&R Real
H&R Real was founded in 1996 and raised its 1st funding round 21 years after it was founded.
H&R Real is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Thomas Hofstedter is the CEO of H&R Real, as recorded in our data.
H&R Real has 440 employees.
Annual revenue of H&R Real is $595.34M as on Dec 31, 2025.
HR Real was founded in 1996 and is headquartered in Toronto, Canada. Operations are conducted as an equity real estate investment trust, with a portfolio centered on office, retail, industrial, and residential properties. Investments are allocated across these sectors to generate income through leasing and property management. Leadership is provided by CEO and President Thomas Hofstedter, overseeing activities in the Canadian real estate market.
H&R Real's top competitors include Choice Properties REIT, Morguard and Dream.
H&R Real offers Property Leasing and Property Management.
Yes, H&R Real is publicly traded on TSX under the ticker symbol HR.UN.
H&R Real has made 1 acquisition, including Primaris REIT.
H&R Real has 4 investors. Key investors include Scotiabank, TD Securities, BMO Capital Markets, and CIBC World Markets.
H&R Real operates through H&R Real Estate Investment Trust.