BSR Real Estate Investment Trust
TSX:HOM.U

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BSR Real Estate Investment Trust Logo
BSR Real Estate Investment Trust
TSX:HOM.U
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Price: 13.1 USD Market Closed
Market Cap: 702.4m USD

BSR Real Estate Investment Trust
Investor Relations

BSR Real Estate Investment Trust engages in the acquisition and owning of multifamily properties. The company is headquartered in Little Rock, Arkansas. The company went IPO on 2018-05-18. The principal business of the REIT is to acquire and operate multi-family residential rental properties. The REIT owns a portfolio of multifamily garden-style residential properties located in primary and secondary markets in the Sunbelt region of the United States. The firm owns approximately 25 multifamily garden-style residential properties consisting of over 7,607 apartment units. The Company’s objective is to provide unitholders with an opportunity to invest in a portfolio of multifamily real estate properties located in United States markets with a focus on the Sunbelt region, which is generally considered the southeastern and southwestern regions of the United States. The REIT operates in Arkansas, Texas and Oklahoma. The firm's core markets include Oklahoma City, Houston and Dallas in Texas, Little Rock and Austin.

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Earnings Calls

2023 Q2
Aug 10, 2023
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Solid Q2 Performance with Positive 2023 Outlook
2023 Q2
Aug 10, 2023

The company reported robust Q2 results, with same community revenue growing by 8.5% and NOI increasing by 11.7% compared to last year. FFO and AFFO also rose by 14.1% and 10%, respectively. Such performance is underpinned by high occupancy levels and growing rents in core Texas markets. The average rent was up by 6.3% year-over-year, and units were repurchased at an attractive price given the discount to NAV. Looking ahead, the financial guidance for 2023 remains strong, projecting FFO per unit of $0.90 to $0.96, an increase from $0.86 in the previous year.

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Management

Mr. Daniel M. Oberste
President, CEO & Non-Independent Trustee
No Bio Available
Ms. Susan Rosenbaum Koehn
COO, Interim CFO & Corporate Secretary
No Bio Available
Mr. Scott Allen Ray
Chief Administrative Officer
No Bio Available
Mr. Steven Etchison
Chief Accounting Officer
No Bio Available
Mr. Spencer Andrews
VP of Marketing & Investor Relations
No Bio Available
Mr. Phillip Anders
Director of Human Resources
No Bio Available
Mr. Mike Cirillo
Vice President of Asset Management
No Bio Available
Davi Miesner
Senior Vice President of Operations
No Bio Available
Ms. Debby Pratt
Controller
No Bio Available

Contacts

Address
ARKANSAS
Little Rock
1400 West Markham, Suite 202
Contacts
+15013745050.0
www.bsrreit.com