H&R REIT runs into red ink in the first quarter as rental revenue declines
TORONTO – H&R Real Estate Investment Trust (TSX:HR.UN) suffers a net loss of .3 million or 12 cents per stapled unit in the first quarter compared with a profit of .1 million or 16 cents in the prior-year quarter. Rental revenue from income properties declined to 1.2 million from 6.3 million.
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