1、H&RRealEstateInvestmentTrust2021ANNUALREPORTLantowerWestshoreTampa,FL H&R REIT PROFILE H&R REIT is one of Canadas largest real estate investment trusts with total assets of approximately$10.5 billion as at December 31,2021.H&R REIT has ownership interests in a North American portfolio comprised of h
2、igh-quality office,industrial,residential and retail properties comprising over 29.5 million square feet.H&R is currently undergoing a five-year,strategic repositioning to transform into a simplified,growth-oriented company focusing on residential and industrial properties to surface significant val
3、ue for unitholders.Additional information regarding H&R REIT is available at www.hr- and on .Alberta(2)5%Ontario30%United States60%Other Canadian Provinces5%Fair Value of Investment Properties by Geographic Region(1)Residential32%Retail19%Industrial13%Office(2)36%Fair Value of Investment Properties
4、by Asset Type(1)(1)The REITs proportionate share is a non-GAAP measure defined in the“Non-GAAP Measures”section of this MD&A(2)Excludes the Bow February14,2022Tobealeadingowner,operatoranddeveloperofresidentialandindustrialproperties,creatingvaluethroughredevelopmentandgreenfielddevelopmentinprimelo
5、cationswithinToronto,Montreal,Vancouver,andhighgrowthU.S.sunbeltandgatewaycities.ThomasJ.Hofstedter,President&ChiefExecutiveOfficer“Equippedwithastrongbalancesheet,significantliquidityandenhancedportfolioconcentrationtolargeprimarymarketswithstrongpopulationandeconomicgrowth,weareverywellpositionedt
6、otakeadvantageofopportunitiesin2022.”February14,2022FellowUnitholders,2021trulywasatransformationalyearfortheREIT.Despitetheenduringglobalpandemic,ourteamsaccomplishedmanysubstantialmilestones.Throughtransactionsexceeding$4billion,wesuccessfullyenhancedourgeographicalexposure,assetmix,andtenantdiver