The latest announcement is out from H&R Real Estate ate Staple ( ($TSE:HR.UN) ).
H&R Real Estate Investment Trust has declared a monthly distribution of $0.05 per unit for March 2025, with an annualized distribution of $0.60. The distribution is scheduled for April 15, 2025, with a record date of March 31, 2025. This announcement aligns with H&R’s strategic focus on residential and industrial properties, as the company continues to streamline its operations by selling off office and retail properties. This move is part of H&R’s broader strategy to enhance its market position and create long-term value for its stakeholders.
More about H&R Real Estate ate Staple
H&R Real Estate Investment Trust is one of Canada’s largest real estate investment trusts, with total assets of approximately $10.6 billion as of December 31, 2024. The company owns a North American portfolio of high-quality residential, industrial, office, and retail properties totaling over 26 million square feet. H&R focuses on creating a simplified, growth-oriented business centered on residential and industrial properties, aiming to generate sustainable long-term value for its unitholders. The company plans to divest its office and retail properties as market conditions allow, targeting to become a leading owner, operator, and developer of residential and industrial properties through redevelopment and greenfield development in prime locations in Toronto and high-growth U.S. sunbelt and gateway cities.
YTD Price Performance: 9.64%
Average Trading Volume: 582,082
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$2.64B
For detailed information about HR.UN stock, go to TipRanks’ Stock Analysis page.