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H&;R REIT TO ACQUIRE ATRIUM ON BAY IN DOWNTOWN TORONTO; PROVIDES IFRS UPDATE ON VALUATION OF INVESTMENT PROPERTIES

^{Published on 2011-01-04 14:05:24 - Market Wire}
 

 IFRS Update ----------- 

 ------------------------------------------------------------------------- January 1, 2010 September 30, 2010 (billions) (billions) ------------------------------------------------------------------------- Net Book Value of income-producing properties as reported under Canadian GAAP(1) $4.1 $4.1 ------------------------------------------------------------------------- IFRS note disclosure to be reported $5.1 $5.3 ------------------------------------------------------------------------- Increase in value of income-producing properties $1.0 $1.2 ------------------------------------------------------------------------- 

 --------------------------------------- January 1, 2010 September 30, 2010 ------------------------------------------------------------------------- Canadian - aggregated capitalization rate 7.48% 7.28% ------------------------------------------------------------------------- United States - aggregated capitalization rate 8.60% 8.15% -------------------------------------------------------------------------