DBRS Rates H&R REIT’s $200 Million Series K Senior Unsecured Debentures at BBB (high)

DBRS Limited (DBRS) has today assigned a rating of BBB (high) with a Stable trend to the $200 million Floating Rate Index plus 143 bps Series K Senior Unsecured Debentures due March 1, 2019 (Series K Bonds), issued by H&R Real Estate Investment Trust (H&R REIT).

The Series K 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.

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

The applicable methodology is Rating Entities in the Real Estate Industry (May 2015), which can be found on our website under Methodologies.