TORONTO, Jan. 18,
2023 /CNW/ - H&R Real Estate Investment Trust
("H&R REIT" or "H&R") (TSX: HR.UN) today announced that it
will release its financial results for the three months and year
ended December 31, 2022 on
Monday, February 13, 2023.
Management will host a conference call to discuss the financial
results for H&R REIT on Tuesday,
February 14, 2023 at 9.30 a.m.
Eastern Time.
Conference Call
Participants can join the call by dialing 1–888–396–8049 or
1–416–764–8646. For those unable to participate in the conference
call at the scheduled time, a replay will be available
approximately one hour following completion of the call. To access
the archived conference call by telephone, dial 1–416–764–8692 or
1–877–674–7070 and enter the passcode 280030 followed by the "#"
key. The telephone replay will be available until Tuesday, February 21, 2023 at midnight.
Webcast
A live audio webcast will be available through
https://www.hr-reit.com/investor-relations/#investor-events.
Please connect at least 15 minutes prior to the conference call to
ensure adequate time for any software download that may be required
to join the webcast. The webcast will be archived on H&R's
website following the call date.
2023 Distribution
Increase
On November 14, 2022, H&R
announced an increase to its monthly distributions to $0.05 per Unit commencing in January 2023. This amounts to $0.60 per Unit annually, a 9.1% increase from the
previous annual amount of $0.55 per
Unit.
Monthly Distribution
Declared
H&R today declared a distribution for the month of January
scheduled as follows:
|
Distribution per
Unit
|
Annualized
|
Record date
|
Distribution
date
|
January 2023
|
$0.05
|
$0.60
|
January 31,
2023
|
February 15,
2023
|
ESG Initiatives
H&R is also pleased to announce it has filed its Green
Financing Framework which can be found on its website at
https://www.hr-reit.com/wp-content/uploads/2022/12/HR-REIT-Green-Financing-Framework.pdf
About H&R REIT
H&R REIT is one of Canada's
largest real estate investment trusts with total assets of
approximately $11.7 billion as at
September 30, 2022. H&R REIT has
ownership interests in a North American portfolio comprised of
high-quality residential, industrial, office and retail properties
comprising over 28.7 million square feet.
Forward-looking
Statements
Certain statements in this news release contain forward-looking
information within the meaning of applicable securities laws (also
known as forward-looking statements). These forward-looking
statements include, but are not limited to, H&R's plans,
objectives, expectations and intentions, including with respect to
the timing of release of financial results and the payment of
distributions. Such forward-looking statements reflect
H&R's current beliefs and are based on information currently
available to management. These statements are not guarantees of
future performance and are based on H&R's estimates and
assumptions that are subject to risks and uncertainties, including
those discussed in H&R's materials filed with the Canadian
securities regulatory authorities from time to time, which could
cause the actual results and performance of H&R to differ
materially from the forward-looking statements contained in this
news release. Although the forward-looking statements contained in
this news release are based upon what H&R believes are
reasonable assumptions, there can be no assurance that actual
results will be consistent with these forward-looking statements.
All forward-looking statements in this news release are qualified
by these cautionary statements. These forward-looking statements
are made as of today and H&R, except as required by applicable
law, assumes no obligation to update or revise them to reflect new
information or the occurrence of future events or
circumstances.
Additional information regarding H&R REIT is available at
www.hr-reit.com and on www.sedar.com.
SOURCE H&R Real Estate Investment Trust