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TORONTO, July 17, 2024 /CNW/ - H&R Real Estate Investment Trust ("H&R REIT" or "H&R") (TSX: HR.UN) today announced that on June 28, 2024, it closed the previously announced sale of its 50% ownership interest in 3777/3791 Kingsway, Burnaby, BC for $82.5 million.
Earnings Release
H&R also announced that it will release its financial results for the three and six months ended June 30, 2024 on Wednesday, August 14, 2024. Management will host a conference call to discuss the financial results for H&R REIT on Thursday, August 15, 2024 at 9.30 a.m. Eastern Time.
Conference Call
Participants can join the call by dialing 1‐800‐717‐1738 or 1‐289‐514‐5100. 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 1‐289‐819‐1325 or 1‐888‐660‐6264 and enter the passcode 22332 followed by the "#" key. The telephone replay will be available until Thursday, August 22, 2024 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.
Monthly Distribution Declared
H&R today declared a distribution for the month of July scheduled as follows:
| | Distribution per Unit | Annualized | Record date | Distribution date |
| July 2024 | $0.05 | $0.60 | July 31, 2024 | August 15, 2024 |
About H&R REIT
H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $10.9 billion as at March 31, 2024. H&R REIT has ownership interests in a North American portfolio comprised of high-quality residential, industrial, office and retail properties comprising over 26.8 million square feet. H&R's strategy is to create a simplified, growth-oriented business focused on residential and industrial properties in order to create sustainable long-term value for unitholders. H&R plans to sell its office and retail properties as market conditions permit. H&R's target is to be a leading owner, operator and developer of residential and industrial properties, creating value through redevelopment and greenfield development in prime locations within Toronto, Montreal, Vancouver, and high growth U.S. sunbelt and gateway cities.