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BSR Real Estate Investment Trust Units T.HOM.UN

Alternate Symbol(s):  BSRTF

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

Comment by 50centdollarson Nov 24, 2023 10:50am
154 Views
Post# 35751498

RE:Discount to NAV

RE:Discount to NAVAt the rate it's going down, this will be trading at $0 per share in a half a year.  Stunning to see.

Oh well, even though I'm down about 15% on my position, this is a comfortable, though somewhat bewildering, hold.  The current market valuation makes little sense, IMO.  Hopefully management are continuing to use some of their excess cash flow to opportunistically buy back units.  
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