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H&R REIT Announces $1.5 billion of Retail and Office Property Sales
H&R REIT Announces $1.5 billion of Retail and Office Property Sales H&R REIT Anno...
About this update from H&r Real Estate Investment Trust
[{"type":"text","content":"\n\n\nH&R REIT Announces $1.5 billion of Retail and Office Property Sales\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\nH&R REIT Announces $1.5 billion of Retail and Office Property Sales\nCanada NewsWire\n\n\nTotal Gross Proceeds Approximate the Aggregate IFRS Values for the Divested Assets\nSale Proceeds to be Used to Further Strengthen Balance Sheet \nTransactions Accelerate H&R REIT's Simplification Strategy and Further Sharpens Portfolio Focus\nTORONTO, Nov. 25, 2025 /CNW/ - H&R Real Estate Investment Trust (\"H&R\" or \"the REIT\") (TSX: HR.UN) today announced it has entered into binding agreements with multiple buyers to sell retail and office properties in Canada and the United States.\nTotal gross proceeds before transaction costs amount to $1.5 billion which approximates the September 30, 2025 aggregate IFRS values for these assets.\nTom Hofstedter, Executive Chair and Chief Executive Officer said \"These sales accelerate the REIT's portfolio simplification strategy of selling office and retail properties, while reducing leverage and positioning the REIT to drive sustainable long-term value for all unitholders. In June 2021 when we announced the strategy, our Residential and Industrial segments amounted to 35% of our total portfolio. After these sales, our Residential and Industrial segments will amount to 83% of our total real estate assets. We will begin to market a number of other properties to aggressively accelerate this strategy.\"\n\n\n(1)\nAt the REIT's proportionate share, including assets classified as held for sale....