Business
H&R Increases Distributions for the 10th Consecutive Quarter
TORONTO, Oct. 3, 2012 /CNW/ - H&R Real Estate Investment Trust and H&R Finance Trus...
About this update from H&r Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Oct. 3, 2012 /CNW/ - H&R Real Estate Investment Trust and H&R\n Finance Trust (\"H&R\") today announced that the Trustees have declared\n distributions as follows:\n\n\n\n\n\n \n\n\nDistribution/Stapled Unit\n\n\nAnnualized\n\n\nRecord date\n\n\nDistribution date\n\n\nOctober 2012\n\n\n$0.10417\n\n\n$1.25\n\n\nOctober 17, 2012\n\n\nOctober 31, 2012\n\n\nNovember 2012\n\n\n$0.10417\n\n\n$1.25\n\n\nNovember 16, 2012\n\n\nNovember 30, 2012\n\n\nDecember 2012\n\n\n$0.10417\n\n\n$1.25\n\n\nDecember 13, 2012\n\n\nDecember 31, 2012\n\n\n\n\n\nThese distributions are 4.2% higher than the previous quarter's\n distributions and 19% higher than the respective period last year.\n\n\nThe trustees previously announced further distribution increases of 8%\n to $1.35 per Stapled Unit on an annualized basis, commencing January\n 2013.\n\n\nAbout H&R REIT and H&R Finance Trust\n\n\nH&R REIT is an open-ended real estate investment trust, which owns a\n North American portfolio of 41 office, 116 industrial and 139 retail\n properties comprising over 44 million square feet and 3 development\n projects, with a fair value of approximately $10 billion. The\n foundation of H&R REIT's success since inception in 1996 has been a\n disciplined strategy that leads to consistent and profitable growth.\n H&R REIT leases its properties long term to creditworthy tenants and\n strives to match those leases with primarily long-term, fixed-rate\n financing.\n\n\nH&R Finance Trust is an unincorporated investment trust, which primarily\n invests in notes issued by a U.S. corporation which is a subsidiary of\n H&R REIT.  The current note receivable is U.S. $156.5 million.  In\n 2008, H&R REIT completed an internal reorganization which resulted in\n each issued and outstanding H&R REIT unit trading together with a unit\n of H&R Finance Trust as a \"Stapled Unit\" on the Toronto Stock Exchange.\n\n\nForward-looking Statements\n\n\nCertain statements in this news release contain forward-looking\n information within the meaning of applicable securities laws (also\n known as forward-looking statements).  Such forward-looking statements\n reflect H&R's current beliefs and are based on information currently\n available to management. These statements are not guarantees of future\...