H&R Real Estate Investment Trust

Overview

H&R Real Estate Investment Trust is a Canadian open-ended real estate investment trust specializing in commercial real estate, based in Toronto, Ontario. The trust's portfolio spans 25.6 million square feet, with 70% by value located in the United States and 49% focused on multi-residential properties. The remainder includes 18% industrial and a mix of non-core office, retail, and refining properties. Its portfolio has a total value of $9.2 billion. H&R REIT is listed on the Toronto Stock Exchange. The trust's strategy is to maximize net asset value per unit through ongoing active management of its assets and the development and construction of projects. H&R REIT invests in four real estate asset classes: residential, industrial, office, and retail properties, acquiring properties both in Canada and the United States. The residential segment, operating as Lantower Residential, consists of 26 residential properties in select U.S. markets comprising 8,929 residential rental units. The industrial segment includes 65 properties throughout Canada and one in the United States, totaling 8.3 million square feet. The office segment comprises 12 properties in Canada and three in select U.S. markets, aggregating 4.4 million square feet. The retail segment consists of 27 properties in Canada and 229 in the United States, totaling 4.9 million square feet. H&R REIT has a history of strategic repositioning, including the spin-off of 27 enclosed shopping centers to a new publicly traded REIT, Primaris REIT, valued at approximately $2.4 billion at the time of the spin-off. The trust has also sold 69 real estate assets totaling approximately $3.0 billion through December 31, 2025, including notable properties such as The Bow and 100 Wynford. These strategic moves aim to focus on high-quality residential and industrial properties, enhancing the trust's growth and income potential. H&R REIT's portfolio includes notable properties such as Jackson Park in Long Island City, River Landing in Miami, Lantower Weston Corners in Cary, Lantower Westshore in Tampa, Lantower Edgewater in Austin, Canadian Tire Distribution Centres in Brampton and Calgary, Meadowvale Commerce Park in Mississauga, Sleep Country in Brampton, Front St. in Toronto, Two Gotham Center in Long Island City, and Hess Tower in Houston. The trust's diversified portfolio and strategic management have positioned it as one of Canada's largest real estate investment trusts, with a market capitalization of $3.0 billion as of December 31, 2025. H&R REIT's investment philosophy emphasizes quality, diversification, and scale, aiming to provide stability and growth through disciplined investment strategies. The trust focuses on delivering value to its investors by maintaining a strong balance sheet, experienced management team, and a diversified portfolio across North America. Its commitment to quality and strategic growth initiatives continues to drive its success in the real estate investment sector.

Investment Focus

• High-quality residential, industrial, office, and retail properties in Canada and the United States

Portfolio Companies