H&R Real Estate Staple (TSE:HR.UN) has released an update.
H&R Real Estate Investment Trust has successfully completed a $250 million senior unsecured debenture financing at a rate of 5.457%, maturing in 2029, with the proceeds aimed at debt repayment and general trust purposes. As one of Canada’s largest REITs, H&R is focusing its growth strategy on residential and industrial properties, with plans to divest from office and retail assets in favor of development opportunities in prime North American locations.
For further insights into TSE:HR.UN stock, check out TipRanks’ Stock Analysis page.
