H&R REIT Units Surge After Announcing Sale Talks, Potential Bidders
ByAinvest
Friday, Jul 4, 2025 4:21 pm ET1min read
OPI--
H&R Real Estate Investment Trust (HR-UN-T) has formed a special committee to consider its strategic options after receiving an unsolicited takeover offer. The Toronto-based company owns $10.5-billion of residential, industrial, retail, and office properties. H&R REIT has hired investment banks and law firms to advise the committee, and its units jumped 12% to $11.95 on the Toronto Stock Exchange after the news was released. No decision has been made on whether to proceed with a potential transaction.
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