The Company in a Nutshell
- BSR pays a monthly dividend in USD.
- BSR manages about 50 multi-family real estate properties across the Sunbelt region of the United States.
- Keep in mind this is a “new REIT” on the market, metrics to analyze are limited (no 3 yr, 5yr data).
- We do not cover BSR REIT at the moment.
Date Reviewed | N/A |
Company Name | BSR Real Estate Investment Trust |
Symbol | HOM.U.TO |
Sector | Real Estate |
Industry | REIT - Residential |
Beta | 1.266 |
PRO Rating | 3 |
Dividend Safety | 3 |
Business Model
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust (REIT). The principal business of the Company is to acquire and operate multi-family residential rental properties across the United States. The Company owns approximately 31 multifamily garden-style residential properties located across three bordering states in the Sunbelt region of the United States, which stretches across the South Atlantic and Southwest portions of the United States. The Company also owns one property under development in Austin, Texas. Its properties include Adley at Gleannloch Apartments, Alleia Long Meadow Farms Apartments, Ariza Plum Creek, Auberry at Twin Creeks, Aura Benbrook, Aura 36Hundred, Bluff Creek Apartments, Brandon Place Apartment Homes, Bridgeport Apartments, Cielo Apartment Living, Hangar 19, Lakeway Castle Hills, Markham Oaks Apartments, M at Lakeline, Overlook by the Park and others. It operates in Arkansas, Texas and Oklahoma.
Current price | 14.15 |
ROE | -25.00 % |
ROIC | 0.00 % |
Shareholder Yield | 1.25 % |
5-Yr Total Return | 55.85 % |
1-Yr Total Return | 16.45 % |
Next Earnings Date | 11-06-24 |
Latest Quarter Information
What the CEO said:
No commentary.
What we say:
5-8-2024, BSR REIT reported Q1 2024 FFO of $0.25, representing a 9% increease when compared to the same period last year. Revenue reported for the quarter was $42M, representing a 1% increase when compared to Q1 2023. The primary driver for the revenue increase was the implementation of higher rental rates across BSR's apartment communities. The company successfully raised rents on lease renewals and new leases, particularly in high-demand markets like Texas and Arkansas. The increase in rental income, driven by higher rates and stable occupancy, directly boosted FFO. This reflects BSR's effective management and strong market positioning.
Investment Thesis
Dividend Triangle
5-Yr Rev. Growth | 21.25 % |
5-Yr EPS Growth | 0.00 % |
5-Yr Div Growth | 10.95 % |
Potential Risks
Debt/Equity | 1.50 |
Financial Debt to EBITDA (TTM) | 15.15 |
Current Ratio (Quarterly) | 0.65 |
Credit Score | 52 |
Dividend Growth Perspective
Dividend ($) | 0.5604 |
Dividend Yield Fwd | 4.05 % |
Dividend Frequency | Monthly |
Average 5-Yr Yield | 3.90 % |
Payout Ratio (%) | 0.00 |
Cash Payout Ratio (%) | 37.95 |
DGR 1-Yr | 0.00 |
DGR 3-Yr | 1.25 |
DGR 5-Yr | 10.95 |
DGR Streak | |
Chowder Score | 15.00 |
Next DVD PMT | 10-15-24 |
Valuation
(Data for `ddm_recent_annual_dividend` field are missing to build DDM tables)
Video Tutorial: How to Read the Stock Cards DDM Valuation
Market Cap | 777.00 M |
PE Ratio | 0.00 |
Fwd PE | 31.05 |
Price to Book Ratio | 1.10 |
DDM Valuation | N/A |
Average 5-Yr PE | 6.72 |
Value Score | 46 |
- All financial metrics are updated weekly.
- The DSR PRO rating and Dividend Safety Score are updated quarterly.
- The analysis (investment thesis, risk potential, dividend growth perspective and DDM calculation) is reviewed every 6 months.
- The PDF format includes only comments (no metrics) and is reviewed every 6 months.