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H&R announces July & August distributions


TORONTO, July 5, 2013 /CNW/ - H&R Real Estate Investment Trust and H&R Finance Trust ("H&R") today announced that the Trustees have declared distributions as follows:

_____________________________________________________________________ | |Distribution/Stapled|Annualized|Record date| Distribution| | | Unit| | | date| |___________|____________________|__________|___________|_____________| |July 2013 | $0.11250 | $1.35 | July 17, |July 31, 2013| | | | | 2013 | | |___________|____________________|__________|___________|_____________| |August 2013| $0.11250 | $1.35 | August 16,| August 30,| | | | | 2013| 2013| |___________|____________________|__________|___________|_____________|

About H&R REIT and H&R Finance Trust

H&R REIT is an open-ended real estate investment trust, which owns a North American portfolio of 41 office, 112 industrial and 165 retail properties comprising over 53 million square feet and 3 development projects, with a fair value of approximately $13 billion. The foundation of H&R REIT's success since inception in 1996 has been a disciplined strategy that leads to consistent and profitable growth. H&R REIT leases its properties long term to creditworthy tenants and strives to match those leases with primarily long-term, fixed-rate financing.

H&R Finance Trust is an unincorporated investment trust, which primarily invests in notes issued by a U.S. corporation which is a subsidiary of H&R REIT.  The current note receivable is U.S. $216.6 million.  In 2008, H&R REIT completed an internal reorganization which resulted in each issued and outstanding H&R REIT unit trading together with a unit of H&R Finance Trust as a "Stapled Unit" on the Toronto Stock Exchange.

Forward-looking Statements

Certain statements in this news release contain forward-looking information within the meaning of applicable securities laws (also known as forward-looking statements).  Such forward-looking statements reflect H&R's current beliefs and are based on information currently available to management. These statements are not guarantees of future performance and are based on H&R's estimates and assumptions that are subject to risks and uncertainties, including those discussed in H&R's materials filed with the Canadian securities regulatory authorities from time to time, which could cause the actual results and performance of H&R to differ materially from the forward-looking statements contained in this news release. Those risks and uncertainties include, among other things, risks related to: prices and market value of securities of H&R; availability of cash for distributions; restrictions pursuant to the terms of indebtedness; liquidity; credit risk and tenant concentration; interest rate and other debt related risk; tax risk; ability to access capital markets; dilution; lease rollover risk; construction risks; currency risk; unitholder liability; co-ownership interest in properties; competition for real property investments; environmental matters; reliance on one corporation for management of substantially all of the REIT's properties and changes in legislation and indebtedness of H&R. Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements include that the general economy is stable; local real estate conditions are stable; interest rates are relatively stable; and equity and debt markets continue to provide access to capital. H&R cautions that this list of factors is not exhaustive. Although the forward-looking statements contained in this news release are based upon what H&R believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. All forward-looking statements in this news release are qualified by these cautionary statements. These forward-looking statements are made as of today and H&R, except as required by applicable law, assumes no obligation to update or revise them to reflect new information or the occurrence of future events or circumstances. 

Tom Hofstedter, Chief Executive Officer, H&R REIT (416) 635-7520, or e-mail info@hr-reit.com

SOURCE: H&R Real Estate Investment Trust

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2013/05/c5566.html

CO: H&R Real Estate Investment Trust ST: Ontario NI: REL DIV

-0- Jul/05/2013 15:41 GMT

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