Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

BSR Real Estate Investment 5 00 convertible unsecured subordinated debentures T.HOM.DB.U

Alternate Symbol(s):  BSRTF | 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.


TSX:HOM.DB.U - Post by User

Post by retiredcfon Jun 20, 2022 1:05pm
221 Views
Post# 34769086

Scotiabank

Scotiabank

10:07 AM EDT, 06/20/2022 (MT Newswires) -- Scotiabank has initiated coverage on Dream Residential REIT (DRR-U.TO), a multi-family real estate investment trust, with a Sector Outperform rating and a one-year target of $15.00.

The bank said its one-year target implies a total return of about 47%. The target is largely based on its NAV per unit estimate of $14.55, the bank said.

The bank noted that Dream Residential, which completed its IPO in May at $13 per unit and is now trading below $10 apiece, is attractively valued and is trading at a steeper discount to its NAV versus the REIT sector, the bank said.

Scotiabank said that the REIT, which is focused on the mid-market Sun Belt and Midwest regions of the U.S., has a "superior growth profile" but has "defensive attributes" that could prove to be recession-resistant in a weakening macro environment.

The bank also compared Dream Residential with BSR Real Estate Investment Trust (TSX: HOM.U, HOM.UN) on various parameters. It said that while BSR is a Class A strategy in the U.S. Sun Belt, Dream Residential is a Class B value-add strategy in the U.S. Sun Belt and U.S. Midwest markets.

<< Previous
Bullboard Posts
Next >>