Capital Intensity

Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.

H&R Real Estate Investment Trust

HR-UN.TO · Real Estate · REIT - Diversified · CAD · Fundamentals
Incomplete

Net PP&E was missing, so the physical footprint could not be scored. EBITDA after capex covers debt service by -0.85x, which is below 1.

Physical asset ratio
—
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
—
Revenue per dollar of the physical asset base.
Capex / D&A
—
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$15.75
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.63x
Price $9.85.
Fixed-charge coverage
-0.85x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
5.7%
Latest free cash flow divided by current market cap ($2.59B).
ROIC
—
After-tax operating income over equity plus debt minus cash.

Footprint and return

Turnover and reinvestment

Year Physical FAT Capex/D&A TBV/sh Coverage FCF ROIC EBIT/PP&E
2018 86.3% 0.09x 29.09x $25.08 2.28x $404.30M 4.7% 0.06x
2019 83.0% 0.10x 27.29x $24.72 2.18x $353.81M 3.0% 0.04x
2020 83.7% 0.10x 19.91x $21.44 -2.00x $373.95M — 0.04x
2021 82.0% 0.12x 10.33x $16.87 3.39x $405.02M 4.8% 0.05x
2022 77.0% 0.09x 7.59x $20.44 0.59x $219.47M -0.8% -0.01x
2023 79.7% 0.12x 0.85x $49.40 1.28x $253.46M 6.5% 0.07x
2024 — — 0.79x $20.15 -0.05x $234.48M — —
2025 — — — $15.75 -0.85x $146.44M — —
  • Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: —
Inventory: —
Total assets: $9.11B
Goodwill: $0.00
Intangibles: $0.00
Liabilities: $4.97B
Tangible book: $4.14B
Shares: 262,559,666
Revenue: $815.13M
Capex: $42.00M
D&A: —
EBITDA: -$826.55M
Interest: $147.63M
Short-term debt: $876.05M
Free cash flow: $146.44M
Operating income: $489.43M
Invested capital: $7.59B
Tax rate: —