H&R REIT (HR.UN) 2020年年度报告「TSX」.pdf

1、 H&R Real Estate Investment Trust 2020 Annual Report TheBow,CalgaryJacksonPark,NewYorkAirportRoad,BramptonSleepCountry H&R Profile H&R REIT is one of Canadas largest real estate investment trusts with total assets of approximately$13.4 billion at December 31,2020.H&R REIT has ownership interests in

2、a North American portfolio of high quality office,retail,industrial and residential properties comprising over 40 million square feet.Additional information regarding H&R REIT and H&R Finance Trust is available at www.hr- and on .Primary Objectives H&Rs objective is to maximize NAV per Unit through

3、ongoing active management of H&Rs assets,acquisition of additional properties and the development and construction of projects.H&Rs strategy to accomplish this objective is to accumulate a diversified portfolio of high-quality investment properties in Canada and the United States leased by creditwor

4、thy tenants.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,combin

5、ed with conservative management of assets and liabilities.United States 43%Ontario 31%Alberta 17%Other Canadian Provinces 9%Fair Value of Investment Propertiesby Geographic regionOffice 39%Retail 30%Residential 21%Industrial 10%Fair Value of Investment Propertiesby Type of AssetP a g e|1February 11,

6、2021 Fellow Unitholders,The past year has been a challenging one on many fronts,and for many people.The COVID-19 pandemic abruptly altered the course of 2020 in March,with broad-based shelter-in-place orders coming in response to the public health threat,dramatically disrupting economic activity.H&R