BSR Real Estate Investment 5 00 convertible unsecured subordinated debentures BSRTF

Primary Symbol: T.HOM.DB.U Alternate Symbol(s): T.HOM.UN

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.

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BSR Real Estate Investment 5 00 convertible unsecured subordinated debentures > CIBC Earnings Report

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Comment by DanielDardenon Aug 12, 2023 12:37pm

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Post# 35585364

RE:CIBC Earnings Report

It is important for Can. Investors to realize that because it reports in U.S. $ that the exchange rate adds ~25% to the NAV/u and the target price putting them at ~$25 Can. It has been buying units at a ~40% discount so clearly most investors are missing this. It remains vulnerable to a takeout If the large holders can be convinced.

Interesting on the conference call that expansion and growth is not out of the picture because of the interest rate environment. That would suggest that some competition might be in financial trouble so presenting a compelling opportunity. It would have to be confident that the public market would be supportive. If so, that is a huge advantage over those that fund through the private market.

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