H&R REIT (HR.UN) 2017年年度报告「TSX」.pdf

1、 H&R Real Estate Investment Trust and H&R Finance Trust 2017 Annual Report Including Combined MD&A and Financial Statements TheBow,CalgaryOrchardPark,KelownaAirportRoad,Brampton SleepCountryH&R Profile H&R REIT is Canadas largest diversified real estate investment trust with total assets of approxim

2、ately$14.6 billion at December 31,2017.H&R REIT is a fully internalized real estate investment trust and has ownership interests in a North American portfolio of high quality office,retail,industrial and residential properties comprising over 45 million square feet.H&R Finance Trust is an unincorpor

3、ated investment trust,which primarily invests in notes issued by a U.S.corporation which is a subsidiary of H&R REIT.The current note receivable balance is U.S.$223.9 million.In 2008,H&R REIT completed an internal reorganization which resulted in each issued and outstanding H&R REIT unit trading tog

4、ether with a unit of H&R Finance Trust as a“Stapled Unit”on the Toronto Stock Exchange.Additional information regarding H&R REIT and H&R Finance Trust is available at www.hr- and on .Primary Objectives H&R strives to achieve two primary objectives:to maximize the value of units through active manage

5、ment of H&Rs assets and to provide unitholders with stable and growing cash distributions generated by revenues derived from a diversified portfolio of investment properties.We are committed to maximizing returns to unitholders while maintaining prudent risk management and conservative use of financ

6、ial leverage.Stability and Growth through Discipline Since inception in 1996,H&R has executed a disciplined and proven strategy that has provided stable cash flow from a high quality portfolio.We achieve our primary objectives and mitigate risks through long-term property leasing and financing,combi