DBRS Rates H&R REIT’s $150 Million Senior Unsecured Debentures at BBB

DBRS has today assigned a rating of BBB, with a Stable trend, to the $150 million 4.778% Series D Senior Unsecured Debentures due July 27, 2016 (the Bonds), issued by H&R Real Estate Investment Trust (H&R or the Trust).

The Bonds are direct senior unsecured obligations of H&R and rank pari passu with all other unsecured and unsubordinated indebtedness of the Trust. DBRS notes that the proceeds will be used to fund future property acquisitions, including to the extent necessary Atrium on Bay, and for general Trust purposes.

Note:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Real Estate, which can be found on our website under Methodologies.