TSX:HOM.DB.U - Post by User
Post by
retiredcfon Feb 07, 2022 9:42am
89 Views
Post# 34404302
NR
NR 08:12 AM EST, 02/07/2022 (MT Newswires) -- BSR Real Estate Investment Trust (HOM-UN.TO) on Monday said blended lease rate growth in its five US markets rose to 15.3% in the fourth quarter of 2021 from the prior quarter.
"During the fourth quarter, the blended lease rate growth in our markets accelerated sequentially to 15.3% from 9.5% in the previous quarter. This increase results from a focused management team operating a modernized portfolio located in suburban growth corridors surrounding premier markets," chief executive Dan Oberste said in a release.
The trust will release its fourth-quarter financial results on March 8.
BSR units closed unchanged at C$17.85 Friday on the Toronto Stock Exchange.