16.340.08(0.49%)412.9k November 23, 2021 2:41 PM About Us Since inception, H&R REIT has executed a disciplined strategy of investing in accretive acquisitions and new developments of real estate assets. STRATEGY H&R’s objective is to maximize NAV per Unit through ongoing active management of H&R’s assets, acquisition of additional properties and the development and construction of projects. H&R’s strategy to accomplish this objective is to accumulate a diversified portfolio of high quality investment properties in Canada and the United States leased by creditworthy tenants. H&R’s strategy to mitigate risk includes diversification both by asset class and geographic location. OUR SEGMENTS H&R invests in four real estate asset classes which management views as four separate operating segments. H&R invests in office, retail, industrial and residential properties and acquires properties both in Canada and the United States. 35% OFFICE H&R’s Office portfolio is comprised of 27 properties throughout Canada and four properties in select markets in the United States, aggregating 10.5 million square feet, at H&R’s ownership interest, with an average lease term to maturity of 11.8 years as at September 30, 2021. The Office portfolio is leased on a long-term basis to creditworthy tenants, with 86.0% of office revenue from tenants with investment grade ratings. With a very long average lease term and high credit tenants, this segment tends to generate very stable, gradual growth in property operating income driven by contractual rental rate increases, and to a lesser extent, lease renewals. 33% RETAIL The Retail segment consists of a portfolio of 67 properties throughout Canada which includes enclosed shopping centres, single-tenant retail properties and multi-tenant retail plazas throughout Canada and 16 automotive-tenanted retail properties in the United States. In addition, it also holds a 33.6% interest in ECHO, a privately held real estate and development company which focuses on developing and owning a core portfolio of grocery anchored shopping centres in the United States. In total, this segment includes 67 properties in Canada and 253 properties in the United States comprising 13.7 million square feet, at H&R’s ownership interest, with an average lease term to maturity of 6.6 years as at September 30, 2021. 9% INDUSTRIAL The Industrial segment consists of 68 industrial properties throughout Canada and three properties in the United States comprising 8.4 million square feet, at H&R’s ownership interest, with an average lease term to maturity of 5.9 years as at September 30, 2021. 23% RESIDENTIAL The Residential segment, operating as Lantower Residential, consists of 23 residential properties in select markets in the United States comprising 8,305 residential rental units, at H&R’s ownership interest, as at September 30, 2021. The investment policy of Lantower Residential is to acquire or develop class A properties in U.S. Sun Belt cities where there is strong population and employment growth and to develop properties with partners in gateway cities. OFFICERS Thomas J. Hofstedter Larry Froom Alex Avery Robyn Kestenberg Philippe Lapointe Patrick Sullivan Cheryl Fried Blair Kundell Jason Birken Schuyler Levine Thomas J. Hofstedter President and Chief Executive Officer, H&R Real Estate Investment Trust Tom Hofstedter has more than 40 years of experience in the commercial and residential real estate sector in North America. Since becoming President and Chief Executive Officer of H&R REIT at its creation in December 1996, H&R has been among the fastest growing REITs in Canada. Applying a disciplined strategy to acquisition and selective development under Tom’s leadership, H&R REIT is one of the largest REIT’s in Canada with a market capitalization of $4.7 billion and total assets of $13.1 billion. TRUSTEES Alex Avery Mark Cowie Jennifer Chasson Stephen Gross Brenna Haysom Thomas J. Hofstedter Ashi Mathur Juli Morrow Marvin Rubner Ronald Rutman Accessibility Text Size:−+ TSX: HR.UN © Copyright 2021 H&R Real Estate Investment Trust All rights reserved. Accessibility Policy Legal Privacy Site Map