H&R REIT Confirms Special Committee Process to Consider Strategic Alternatives
- A Toronto-based real estate investment trust with holdings valued at $10.5 billion across Canada and the U.S. revealed it established a special committee in February to explore strategic options following an unsolicited acquisition interest.
- The special committee formed due to takeover interest and has received several proposals, but no decision or agreement has been reached regarding a potential transaction.
- H&R’s portfolio includes 49% residential, 18% industrial and office, and 15% retail properties, differentiating it from peers that tend to specialize in one sector.
- Following takeover news, H&R REIT units rose over 12%, trading at $12.16 with a $1.53 increase, though units often traded above $25 during the 2010s; H&R cautioned that there is no assurance the process will yield a deal.
- The ongoing review and talks with multiple suitors suggest potential market consolidation, but the outcome remains uncertain as H&R’s board continues to evaluate strategic options.
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H&R REIT confirms strategic review, units up more than 10 per cent
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
Read Full ArticleH&R REIT Confirms Special Committee Process to Consider Strategic Alternatives
TORONTO, July 4, 2025 /CNW/ - H&R Real Estate Investment Trust ("H&R" or "the REIT") (TSX:HR) has become aware of market speculation that the REIT is currently in discussions with respect to a potential transaction involving a sale of the REIT or of all or substantially all of its assets (the "Potential Transaction"). The REIT confirms that the Board of Trustees previously formed a special committee of independent Trustees (the "Special Committ…
·New York, United States
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