H&R REIT ( HR.UN ) a Canadian Real Estate Investment Trust ( REIT ) on ( TSX / TSE ) Toronto Stock Exchange

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Toronto, Ontario, May 9, 2008 - H&R Real Estate Investment Trust (TSX: HR.UN) announced today that its distributable income (DI) increased by 14% in the first three months of 2008 compared to the first quarter last year and that DI per unit rose approximately 5%.

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H&R REIT is an open-ended Real Estate Investment Trust. Our portfolio of 35 office properties, 124 single-tenant industrial properties, 141 retail properties and 3 mezzanine financings for development projects has a book value totaling approximately $4,990 million, encompassing 44 million square feet.




			Our operating strategy is to lease our properties to creditworthy tenants under long-term agreements with contractual rent escalations. The Trust's Units trade on the TSX under the symbol HR.UN.