DBRS Rates H&R REIT’s USD 125 Million Series J Senior Unsecured Debentures at BBB (high)

DBRS Limited (DBRS) has today assigned a rating of BBB (high), with a Stable trend, to the USD 125 million Floating Rate Index plus 108 bps Series J Senior Unsecured Debentures due February 9, 2018 (Series J Bonds), issued by H&R Real Estate Investment Trust (H&R REIT).

The Series J Bonds are direct senior unsecured obligations of H&R REIT and rank equally and rateably with all other unsecured and unsubordinated indebtedness of H&R REIT. DBRS understands that the net proceeds from the offering will be used by H&R REIT to repay existing indebtedness and for general trust purposes.

Note:
The applicable methodology is Rating Entities in the Real Estate Industry (October 2013), which can be found on our website under Methodologies.