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H&R Real Estate Investment Trust (HR_u.TO)

HR_u.TO on Toronto Stock Exchange

23.22CAD
24 Apr 2017
Change (% chg)

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$23.22
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Avg. Vol
475,715
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$23.83
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$20.96

Latest Key Developments (Source: Significant Developments)

H&R REIT announces $100 mln senior unsecured debenture financing
Wednesday, 5 Apr 2017 01:31pm EDT 

H&R Real Estate Investment Trust : H&R Real Estate Investment Trust announces $100 mm senior unsecured debenture financing . Debentures will carry a coupon rate of 3.369% and will mature on January 30, 2024 .To issue an additional $100 million principal amount of Series N Senior unsecured debentures on a bought deal basis.  Full Article

H&R REIT to sell 50% of TransCanada tower in calgary to HOOPP
Thursday, 6 Oct 2016 08:52am EDT 

H&R Real Estate Investment Trust : H&R REIT to sell 50% of TransCanada tower in calgary to HOOPP . Deal for $257.4 million . Use of proceeds from sale will be to repay debt, including existing mortgage of $82.1 million . Deal for approximately $257.4 million . Use of proceeds will be to repay debt, including existing mortgage of $82.1 million .Agreement to sell a 50% non-managing interest in TransCanada tower in calgary to HOOPP Realty Inc.  Full Article

H&R Real Estate Investment Trust posts qtrly FFO per stapled unit $0.52
Tuesday, 9 Aug 2016 12:28pm EDT 

H&R Real Estate Investment Trust : H&R REIT announces second quarter 2016 results . Q2 FFO per basic share C$0.53 . Qtrly FFO per stapled unit $0.52 .Q2 FFO per share view C$0.47 -- Thomson Reuters I/B/E/S.  Full Article

H&R REIT to sell its stake in Scotia Plaza
Monday, 20 Jun 2016 06:00pm EDT 

H&R Real Estate Investment Trust : Deal for $438.3 million . H&R expects to receive net proceeds of approximately $229 million before closing costs and adjustments . Purchaser will be assuming H&R's share of existing financing on properties . Will use proceeds to repay debt, including $180 million in unsecured debentures maturing in July . After debt repayment, H&R's proforma debt to total asset ratio is expected to improve to 45.5% from 46.4% at March 31, 2016 . After repayment, proforma debt to total asset ratio is expected to improve to 45.5% from 46.4% at March 31, 2016 .H&R REIT to sell its stake in Scotia Plaza.  Full Article

H&R REIT Qtrly FFO per stapled unit $0.49
Wednesday, 11 May 2016 09:34am EDT 

H&R Real Estate Investment Trust : H&R REIT announces first quarter 2016 results . Qtrly FFO per stapled unit $0.49 . Q1 FFO per share view C$0.48 -- Thomson Reuters I/B/E/S .Says decrease in occupany is largely due to lower occupancy in primaris malls where Target Canada Co. disclaimed leases.  Full Article

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