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Bullboard - Stock Discussion Forum BSR Real Estate Investment 5 00 convertible unsecured subordinated debentures T.HOM.DB.U

Alternate Symbol(s):  T.HOM.UN | BSRTF

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... see more

TSX:HOM.DB.U - Post Discussion

BSR Real Estate Investment 5 00 convertible unsecured subordinated debentures > Rising NAV/u
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Post by DanielDarden123 on Mar 31, 2021 5:29pm

Rising NAV/u

With an IRR of 12% on the new acquisitions, NAV/u should move up substantially and the 1st year revenue protection is an added bonus/guarantee. Not assuming mortgages allows for fast closing as no lender approvals are required and all doubt is removed. Although no cap rates are provided, the per door metrics suggest further NAV/u improvements are likely at market caps. Of course, mortgages can be applied to reduce the o/s lending facility.
Comment by DanielDarden123 on May 11, 2021 6:56pm
Net Asset Value ("NAV") per Unit increased 8.3% to $13.21 as of Q1 2021 as compared to $12.20 as of Q1 2020; (U.S.$) That’s ~$16 C. Now with conversion at .83. The discount to NAV/u still seems excessive.
BSR Real Estate Investment 5 00 convertible unsecured subordinated debentures