TORONTO, Jan. 18, 2023 /CNW/ - H&R Real Estate Investment Trust ("H&R REIT" or "H&R") (TSX: HR.UN) today announced that it will release its financial results for the three months and year ended December 31, 2022 on Monday, February 13, 2023. Management will host a conference call to discuss the financial results for H&R REIT on Tuesday, February 14, 2023 at 9.30 a.m. Eastern Time.
Conference Call
Participants can join the call by dialing 1–888–396–8049 or 1–416–764–8646. For those unable to participate in the conference call at the scheduled time, a replay will be available approximately one hour following completion of the call. To access the archived conference call by telephone, dial 1–416–764–8692 or 1–877–674–7070 and enter the passcode 280030 followed by the "#" key. The telephone replay will be available until Tuesday, February 21, 2023 at midnight.
Webcast
A live audio webcast will be available through https://www.hr-reit.com/investor-relations/#investor-events. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. The webcast will be archived on H&R's website following the call date.
2023 Distribution Increase
On November 14, 2022, H&R announced an increase to its monthly distributions to $0.05 per Unit commencing in January 2023. This amounts to $0.60 per Unit annually, a 9.1% increase from the previous annual amount of $0.55 per Unit.
Monthly Distribution Declared
H&R today declared a distribution for the month of January scheduled as follows:
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Distribution per Unit
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Annualized
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Record date
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Distribution date
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January 2023
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$0.05
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$0.60
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January 31, 2023
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February 15, 2023
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ESG Initiatives
H&R is also pleased to announce it has filed its Green Financing Framework which can be found on its website at https://www.hr-reit.com/wp-content/uploads/2022/12/HR-REIT-Green-Financing-Framework.pdf
About H&R REIT
H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $11.7 billion as at September 30, 2022. H&R REIT has ownership interests in a North American portfolio comprised of high-quality residential, industrial, office and retail properties comprising over 28.7 million square feet.
Forward-looking Statements
Certain statements in this news release contain forward-looking information within the meaning of applicable securities laws (also known as forward-looking statements). These forward-looking statements include, but are not limited to, H&R's plans, objectives, expectations and intentions, including with respect to the timing of release of financial results and the payment of distributions. Such forward-looking statements reflect H&R's current beliefs and are based on information currently available to management. These statements are not guarantees of future performance and are based on H&R's estimates and assumptions that are subject to risks and uncertainties, including those discussed in H&R's materials filed with the Canadian securities regulatory authorities from time to time, which could cause the actual results and performance of H&R to differ materially from the forward-looking statements contained in this news release. Although the forward-looking statements contained in this news release are based upon what H&R believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. All forward-looking statements in this news release are qualified by these cautionary statements. These forward-looking statements are made as of today and H&R, except as required by applicable law, assumes no obligation to update or revise them to reflect new information or the occurrence of future events or circumstances.
Additional information regarding H&R REIT is available at www.hr-reit.com and on www.sedar.com.
SOURCE H&R Real Estate Investment Trust
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