H&R REIT (HR.UN) 2015年年度报告「TSX」.pdf

1、 H&R Real Estate Investment Trust and H&R Finance Trust 2015 Annual Report Including Combined MD&A and Financial Statements The Bow,Calgary Dufferin Mall,Toronto Airport Road,Brampton H&R Profile H&R REIT is Canadas largest diversified real estate investment trust with total assets of approximately$

2、14.0 billion as at December 31,2015.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 47 million square feet.H&R Finance Trust is an unincorporate

3、d 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.$220.4 million.In 2008,H&R REIT completed an internal reorganization which resulted in each issued and outstanding H&R REIT unit trading togeth

4、er 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 provide unitholders with stable and growing cash dis

5、tributions generated by revenues derived from a diversified portfolio of investment properties,and to maximize the value of units through active management of H&Rs assets,acquisition of additional properties,and the development of new projects which are pre-leased to creditworthy tenants.We are comm

6、itted to maximizing returns to unitholders while maintaining prudent risk management and conservative use of financial 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 and adjusted funds fro