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BSR Real Estate Investment Trust Units T.HOM.UN

Alternate Symbol(s):  BSRTF

Real Estate REIT - Residential
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust (REIT) focused on acquiring and operating multifamily residential rental properties across the United States. It owns approximately 31 garden-style properties with over 8,666 apartments in Texas, Oklahoma, and Arkansas. Its properties features and amenities include resort-style pools, splash pads, upscale clubhouses, modern fitness centers, dog parks, pet care centers, garages, covered parking, bicycle storage, cinemas, private work pods, conference rooms, business centers, community game rooms, and outdoor barbeque areas. 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, and M at Lakeline.


TSX:HOM.UN - Post by User

BSR Real Estate Investment Trust Units > Huge Volume
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Comment by DanielDardenon Nov 05, 2023 10:28am
101 Views
Post# 35718248

RE:Huge Volume

RE:Huge Volume
50centdollars wrote: Huge volume - relatively speaking - for this stock yesterday.  Over 150K units traded for HOM.UN, and already another 58K in the first half hour today.  

No idea what's going on, but hopefully part of it is the company buying back units at these depressed levels.  I have no idea why anyone would be selling this in volume the last couple days at these - IMO - dirt cheap levels given what's been happening to treasury yields.  This is one of the few REITs that hasn't surged much higher the last couple days... maybe that will happen later today.  

Great observation! Friday’s volume was even higher suggesting institutional rotation. Oppposing views on this with one buying from a seller. Ordinarily Hom could buy ~11K units daily but there is an exemption for block purchases apparently according to the press release. I would not be surprised by a takeover offer eventually as the discount to NAV/u is excessive IMO for Texas (no rent controls).
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