DBRS Rates H&R REIT’s $175 Million Senior Unsecured Debentures at BBB

DBRS has today assigned a rating of BBB, with a Stable trend, to the $175 million 4.45% Series F senior unsecured debentures due March 2, 2020 (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 acquisitions and developments, to repay bank indebtedness, and for general trust purposes.

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

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