H&R REIT (HR.UN) 2008年年度报告「TSX」.pdf

1、2008 H&R ANNUAL REPORTStability through disciplineProfileH&R Real Estate Investment Trust(“H&R REIT”)is an open-ended real estate investment trust,which owns andmanages a North American portfolio of office,industrial and retail properties comprising 42 million square feet,with a net book value of$4.

2、5 billion.H&R Finance Trust is an unincorporated investment trust,which primarilyinvests in notes issued by an H&R REIT subsidiary.The units of H&R REIT trade together with the units of H&RFinance Trust as“stapled units”(HR.UN)on the Toronto Stock Exchange.In this annual report,we refer to thecombin

3、ation of these two trusts as“H&R”or“the Trusts”.The foundation of H&Rs success since inception in 1996 has been a disciplined strategy that leads to consistentand profitable growth.Additional information regarding H&R REIT and H&R Finance Trust is available atwww.hr- and on .Construction ofThe Bow i

4、nCalgary,AlbertaFront and back cover photos:Architectural renderings of H&Rs$1.5 billion,two millionsquare foot office complex called The Bow in downtown Calgary.The 58-storey,Class AAAoffice tower will be the largest and tallest in Canada west of Toronto.It is 100%leased for25 years to EnCana Corpo

5、ration,the leading North American unconventional natural gasproducer and one of Canadas largest public companies.When it opens in 2012,The Bowwill be part of a 3.3 million square foot cluster of prime rentable office premises ownedand managed by H&R in Calgarys financial district.Portfolioas at Dece

6、mber 31,2008Primary objectivesH&R REIT strives to achieve two primary objectives:to provide unitholders with reliable and growing cashdistributions from a diversified portfolio of income-producing properties,and to increase the value of unitsthrough active management of H&R REITs assets,accretive ac