H&R REIT (TSX: HR.UN) is an open-ended real estate investment trust. Our portfolio of 38 office properties, 156 retail properties, 102 industrial properties, 10 residential properties and 4 development projects has a fair value totaling approximately $13 billion, comprising over 44 million square feet. In addition, H&R REIT has a 33.6% interest in ECHO Realty LP which owns 209 properties, excluding properties under development and vacant land, comprising over 8.8 million square feet.
The foundation of our success since inception in 1996 has been a disciplined business strategy. We lease our properties to creditworthy tenants on a long-term basis, including contractual rent escalations, and match those leases with primarily long-term financing.
H&R has one of the longest and strongest performance track records among Canadian REITs.
The REIT's units (HR.UN) have traded on the Toronto Stock Exchange since 1996, and its debentures trade under the symbols HR.DB.D, HR.DB.E and HR.DB.H.
H&R Finance Trust is an unincorporated investment trust, which primarily invests in notes issued by an H&R REIT subsidiary. In 2008, H&R REIT completed an internal reorganization resulting in each issued and outstanding H&R REIT unit trading with a unit of H&R Finance Trust as a "stapled unit" on the TSX.
As measured by market capitalization, H&R is the second largest REIT and the largest diversified REIT in Canada.