Edition:
United States

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

HR_u.TO on Toronto Stock Exchange

21.51CAD
17 Nov 2017
Change (% chg)

$-0.12 (-0.55%)
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Volume
205,311
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421,914
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Latest Key Developments (Source: Significant Developments)

H&R REIT reports qtrly ‍FFO per stapled unit $0.46​
Monday, 13 Nov 2017 07:18pm EST 

Nov 13 (Reuters) - H&R Real Estate Investment Trust :H&R REIT provides an update on its strategic vision and announces third quarter 2017 results.H&R Real Estate Investment Trust-qtrly ‍FFO per stapled unit $0.46​.  Full Article

H&R REIT and H&R Finance Trust call joint special meetings to consider internal reorganization
Thursday, 19 Oct 2017 05:47pm EDT 

Oct 20 (Reuters) - H&R Real Estate Investment Trust :H&R Real Estate Investment Trust and H&R Finance Trust call joint special meetings to consider internal reorganization.H&R Real Estate Investment Trust - co, H&R Finance Trust announced they are proposing to complete an internal reorganization​.H&R Real Estate Investment Trust - ‍reorganization is being contemplated due to growth in H&R's U.S. investment portfolio since 2008 reorganization​.H&R Real Estate Investment Trust - ‍result of reorganization will be to effectively replace H&R Finance Trust in H&R's stapled unit structure with newly formed entity.H&R REIT- after completion of reorganization, investments held through H&R REIT, H&R Finance Trust to be held through H&R REIT, H&R F17 TRUST​.H&R Real Estate Investment Trust - ‍proposed reorganization to be effected by way of plan of arrangement with H&R REIT, H&R Finance Trust, few H&R REIT units.H&R REIT - after completion of reorganization H&R F17 Trust expected to hold a note evidencing debt obligation of about $1 billion by H&R REIT (U.S.) holdings.H&R REIT - proposed reorganization to result in holders of stapled units, disposing of their H&R Finance Trust units, buying units of H&R F17 Trust​.  Full Article

H&R announces $125 mm senior unsecured debenture financing
Tuesday, 22 Aug 2017 12:52pm EDT 

Aug 22 (Reuters) - H&R Real Estate Investment Trust ::Announces intention to redeem outstanding 2018 convertible unsecured debentures.‍Says debentures will carry a coupon rate of 2.923% and will mature on May 6, 2022​.Says additional Series-l debentures are being offered at a price of $98.776 per $100 principal amount.  Full Article

H&R Real Estate Investment Trust reports qtrly ‍FFO per stapled unit C$0.46​
Thursday, 10 Aug 2017 10:10am EDT 

Aug 10 (Reuters) - H&R Real Estate Investment Trust HR_U.TO::H&R REIT announces second quarter 2017 results and renewal of normal course issuer bid.Qtrly ‍ FFO per stapled unit $0.46​.Under NCIB, co will have ability to purchase for cancellation up to a maximum of 5 million stapled units on open market.NCIB to commence on Aug 15, 2017, remain in effect until earlier of Aug 14, 2018, date on which co bought maximum number of stapled units ​.Q2 FFO per share view C$0.46 -- Thomson Reuters I/B/E/S.Occupancy as at June 30, 2017 was 96.3% compared to 95.6% as at June 30, 2016​.  Full Article

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

BRIEF-H&R REIT and H&R Finance Trust call joint special meetings to consider internal reorganization

* H&R Real Estate Investment Trust and H&R Finance Trust call joint special meetings to consider internal reorganization