H&R Real Estate Investment Trust T.HR.UN

Alternate Symbol(s): HRUFF

Real Estate REIT - Diversified

H&R Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, operates and develops residential and commercial properties across Canada and in the United States. The Company operates through the four segments: Residential, Industrial, Office and Retail. The Residential segment consists of approximately 24 residential properties in select markets in the United States and its portfolio comprises 8,166 residential rental units. The Industrial segment consists of 66 industrial properties in Canada and two properties in the United States comprising 8.7 million square feet. The Office segment consists of 17 properties in Canada and three properties in select markets in the United States, aggregating 5.5 million square feet. The Retail segment consists of 34 properties in Canada, which are single tenant properties as well as two single tenant retail properties and one multi-tenant retail property in the United States.

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H&R Real Estate Investment Trust > NCIB

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Comment by Frankie10on Nov 14, 2023 4:46pm

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Post# 35735420

RE:RE:RE:NCIB

Sold 4 more properties - two during q3 and two subsequently. Two office, one industrial and one retail. Totalling approx $60M. In addition, this happened, which was not on my bingo card:

Proceeds on Disposal of Purchase Option

H&R had a mortgage receivable of approximately $37.2 million (U.S. $27.6 million) secured against industrial land in North Las Vegas, NV. In addition, H&R sold its option to purchase the land. The combined proceeds from the mortgage receivable and the sale of the option amounted to $67.8 million (U.S. $50.2 million). As a result, H&R recorded $30.6 million (U.S. $22.6 million) as proceeds on disposal of purchase option.

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