Tom Hofstadter
Chief Executive Officer
Replay available
H&R Real Estate Investment Trust (TSX: HR.UN) Q4 2025 earnings conference call, held 2026-02-13. Replay captured from the company's public earnings webcast.

Chief Executive Officer
Chief Financial Officer
Chief Operating Officer, LandTower
Analyst, TD Cowen
Analyst, RBC Capital Markets
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WEBVTT 00:00:00.031 -- 00:00:05.301 Good morning, and welcome to H&R Real Estate Investment Trust's 2025 Fourth Quarter Earnings 00:00:05.301 -- 00:00:10.049 Conference Call. Before beginning the call, H&R would like to remind listeners that certain 00:00:10.049 -- 00:00:15.058 statements, which may include predictions, conclusions, forecasts, or projections, and 00:00:15.058 -- 00:00:19.206 the remarks that follow may contain forward-looking information, which reflect the current 00:00:19.206 -- 00:00:23.734 expectations of management regarding future events and performance, and speak only as 00:00:23.734 -- 00:00:28.303 of today's date. Forward-looking information requires management to make assumptions 00:00:28.303 -- 00:00:33.970 or rely on certain material factors and is subject to inherent risks and uncertainties, 00:00:33.970 -- 00:00:37.634 and actual results could differ materially from the statements in the forward-looking 00:00:37.634 -- 00:00:39.436 information. 00:00:39.436 -- 00:00:44.622 In discussing H&R's financial and operating performance and in responding to your questions, 00:00:44.622 -- 00:00:49.248 we may reference certain financial measures which do not have a meaning recognized or 00:00:49.248 -- 00:00:54.082 standardized under IFRS or Community and Generally Accepted Accounting Principles. 00:00:54.082 -- 00:00:58.226 and are therefore unlikely to be comparable to similar measures 00:00:58.226 -- 00:01:01.070 presented by other reporting issuers. 00:01:01.070 -- 00:01:05.554 Non-GAAP measures should not be considered as alternatives to net income or comparable 00:01:05.554 -- 00:01:10.880 metrics determined in accordance with IFRS as indicators of H&R's performance, 00:01:10.880 -- 00:01:14.522 liquidity, cash flows, and profitability. 00:0...