H&R Real Estate Investment Trust
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TORONTO, Nov. 12, 2024 /CNW/ - H&R Real Estate Investment Trust ("H&R" or "the REIT") (TSX: HR.UN) is pleased to announce its financial results for the three and nine months ended September 30, 2024.
H&R continues to successfully execute on its strategic repositioning plan with real estate assets sold or under contract to be sold totalling approximately $438.4 million, as at September 30, 2024. During the nine months ended September 30, 2024, H&R sold ownership interests in 12 real estate assets for gross proceeds of $368.3 million. Subsequent to September 30, 2024, H&R sold a 372,207 square foot industrial property in Brampton, ON for approximately $60.7 million, at H&R's 50% ownership interest.
TORONTO, Aug. 14, 2024 /CNW/ - H&R Real Estate Investment Trust ("H&R" or "the REIT") (TSX: HR.UN) is pleased to announce its financial results for the three and six months ended June 30, 2024.
Q2 2024 HIGHLIGHTS:
Overall portfolio occupancy was 96.9% at June 30, 2024.Net operating income decreased by 5.3% compared to Q2 2023 primarily due to $776.4 million of property sales between January 1, 2023 and June 30, 2024.Same-Property net operating income (cash basis)(1) increased by 1.7% compared to Q2 2023 driven by various factors across H&R's operating segments:
