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:The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
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