Voting Results from the H&R Real Estate Investment Trust Meeting
H&R Real Estate Investment Trust (TSX: HR) has announced the results of their recent annual meeting of unitholders. Each trustee nominee mentioned in their management information circular was successfully elected as a trustee, reflecting a solid commitment from unitholders to their leadership team.
Trustee Re-Elections Showcase Strong Support
In a clear affirmation of their leadership, all elected trustees received a vote of confidence ranging from approximately 94.18% to an impressive 99.85%. This overwhelming level of approval is a testament to the effectiveness and credibility of the trustees tasked with overseeing the interests of the REIT.
Individual Voting Results
Here’s a summary of the individual trustee voting results from the annual meeting:
Leonard Abramsky: 98.41% votes for re-election with 137,122,931 votes. Lindsay Brand: 96.16% with 133,987,514 votes. Jennifer A. Chasson: 98.46% support received, amounting to 137,203,081 votes.
Donald E. Clow: Received 98% approval totaling 136,558,952 votes. Mark M. Cowie: Enjoyed a remarkable 99.85% with 139,137,063 votes backing him. S. Stephen Gross: Secured 99.04%, totaling 138,008,371 votes. Brenna Haysom: Received 94.69% support totaling 131,939,695 votes.
Thomas J. Hofstedter: Re-elected with 94.18%, totaling 131,236,218 votes. Juli Morrow: Received 99.84%, equating to 139,122,272 votes. Marvin Rubner: Secured 99.83% at 139,101,898 votes.
Compensation Approval for Unitholders
In addition to the trustee elections, H&R REIT reported that a non-binding advisory resolution on executive compensation also passed. The proposal regarding the REIT's compensation approach garnered widespread support, with 93.78% of votes, equivalent to 130,671,954 votes, favoring the resolution.
Overall Approval of Agenda Items
All other items outlined in the circular were also approved by the necessary majority. H&R is committed to transparency and will be filing the final results regarding all matters voted on at the meeting with Canadian securities regulators.
About H&R Real Estate Investment Trust
H&R REIT stands as one of Canada’s largest real estate investment trusts, boasting total assets of approximately $10.5 billion as of March 31, 2025. The REIT’s extensive portfolio includes high-quality residential, industrial, office, and retail properties spanning over 25.6 million square feet. H&R’s strategic focus is on developing a streamlined, growth-oriented business model aimed at enhancing long-term value for unitholders.
Striving to lead in the ownership and operation of residential and industrial properties, H&R plans to divest its office and retail holdings as market conditions permit, reinforcing its commitment to development in prime locations across growing cities in Canada and the U.S.
Frequently Asked Questions
What were the outcomes of the recent H&R REIT meeting?
The meeting resulted in the successful election of all trustee nominees with significant majority votes in favor.
How did the trustees perform in the voting?
All trustees received a high approval rate, with votes ranging from 94.18% to 99.85% in their favor.
Was the executive compensation resolution approved?
Yes, the advisory resolution regarding executive compensation was approved with 93.78% of votes in favor.
What is H&R REIT's strategy going forward?
H&R REIT aims to focus on residential and industrial properties, enhancing long-term sustainable value.
When will further results be available?
Final results will be filed shortly with Canadian securities regulators for transparency.
