H&R Real Estate Investment Trust Announces Latest Distribution Details

Monthly Distribution Announcement from H&R Real Estate Investment Trust
H&R Real Estate Investment Trust, often referred to simply as H&R, has declared its monthly distribution for the upcoming month. This announcement is exciting for current unitholders and those considering an investment in this notable real estate investment trust.
Details of the Distribution
The distribution for the month of September is set to be $0.05 per unit, which maintains an annualized figure of $0.60. Important dates for this distribution are as follows:
Key Dates for Unitholders
The record date for this distribution is scheduled for September 29, while the actual payment date will be on October 15. This timing is critical for unitholders who wish to receive the distribution.
About H&R Real Estate Investment Trust
H&R stands out as one of Canada’s largest real estate investment trusts, boasting a robust portfolio with total assets approximating $9.9 billion. Its extensive holdings include high-quality residential, industrial, office, and retail properties spanning over 25.8 million square feet.
Investment Strategy and Future Directions
H&R is focused on a growth-oriented strategy, placing an emphasis on residential and industrial sectors to drive sustainable long-term value for its unitholders. The company is looking to optimize its portfolio by gradually divesting from certain office and retail assets as market conditions allow. This focused approach emphasizes their commitment to becoming a leading owner and developer in the residential and industrial property markets.
Commitment to Sustainable Growth
By targeting areas with growth potential, H&R aims to enhance value through both redevelopment projects and new developments in prime locations. Their commitment includes not just growth in terms of property value, but also consideration for environmental sustainability in their operations.
Frequently Asked Questions
What is the distribution amount declared by H&R Trust?
The recently declared distribution amount for September is $0.05 per unit.
When will the distribution payments be made?
Distributions will be paid on October 15, following the record date of September 29.
What types of properties does H&R invest in?
H&R invests in a diverse portfolio that includes residential, industrial, office, and retail properties.
What is H&R's total asset value?
As of the latest reports, H&R's total assets are valued at approximately $9.9 billion.
What future plans does H&R have regarding its portfolio?
H&R plans to focus on residential and industrial properties while gradually divesting its office and retail properties in response to market conditions.
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