BSR Real Estate Investment Trust

BSR Real Estate Investment Trust

15.34
CAD
+0.23
(+1.52%)
-0.25EPS
569.67MMarket Cap
Nov 10Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.87
5
4.75
3.83
4.37
5.06
5.05
4.25
3.86
Basic EPS, GAAP
8.7
-2.38
1.16
9.08
6.26
-6.36
-1.2
-1.85
-0.17
Free Cash Flow per Basic Share
1.86
2.55
2.15
1.87
2.47
2.51
2.38
1.89
1.54
Dividend per Share
0.64
0.92
0.94
0.82
0.79
0.89
0.85
0.74
0.66
Book Value per Share
17.43
12.77
13.35
21.36
26.87
21.5
19.68
17.16
17.41
Tangible Book Value per Share
17.43
12.77
13.35
21.36
26.87
21.5
19.68
17.16
17.41
Basic Weighted Avg Shares
17
22
24
31
36
33
33
34
35
Sales/Revenue/Turnover
64
112
113
120
159
168
169
144
136
Operating Margin (%)
54.11
47.29
46.18
45.34
47.91
48.34
48.5
41.89
40.6
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
144
-53
28
283
227
-211
-40
-63
-6
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
224.67
-47.65
24.34
236.84
143.35
-125.67
-23.86
-43.49
-4.49
Working Capital
-33
14
-52
-17
-331
-300
-358
-112
-70
LT Debt
433
529
474
877
725
772
738
695
732
Total Equity
289
285
319
667
976
712
658
582
593
Return on Invested Capital (%)
- -
- -
4.82
3.68
4.41
- -
- -
- -
- -
Return on Capital (%)
- -
- -
5.97
25.65
15.49
- -
- -
- -
- -
Return on Common Equity (%)
- -
-18.55
9.14
57.49
27.67
-24.98
-5.87
-10.12
-1.01

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
29
1
1
LT Borrowings
694
737
731
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
34
34
34
Market Capitalization
423
375
401

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
23
18
20
Cash, Cash Equivalents & STI
6
7
6
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
135
78
90
Payables & Accruals
42
20
29
ST Debt
29
1
1
Deferred Revenue
1
1
1

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
21.88%
-11.5%
Free Cash Flow
- -
7.28%
-19.06%
Net Income, GAAP
- -
137.88%
55.88%
Sales/Revenue/Turnover
- -
6%
-14.49%
Total Cash Common Dividend
- -
2.73%
-11.78%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
42
42
42
42
169
2025
43
34
- -
34
144
2026
34
34
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
-1.17
-1.18
0.74
-1.2
2025
-1.22
-0.67
- -
-0.06
-1.85
2026
0.68
-0.13
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
0.21
0.22
0.14
0.85
2025
0.22
0.21
- -
0.14
0.74
2026
0.16
0.16
- -
- -
- -

Company Description

CEO
Daniel M. Oberste
Full Time Employees
250
Sector
Finance
Industry
Real estate investment trusts
Address
1400 West Markham Little Rock AR United States 72201
IPO Date
May 18, 2018
Business
BSR Real Estate Investment Trust (TSX: HOM.U) is an internally managed, open-ended real estate investment trust that acquires, owns and operates a portfolio of garden-style multifamily residential communities located in high-growth primary and secondary markets across the Sunbelt region of the United States, including Austin, Dallas, Houston, Oklahoma City and Little Rock; the REIT's properties feature modern one-, two- and three-bedroom apartment units with amenities such as resort-style pools, fitness centers, business centers, attached garages and pet-friendly facilities; as of early 2025, the portfolio comprises approximately 9,181 units following recent transactions. Headquartered in downtown Little Rock, Arkansas, with roots tracing to the 1956 formation of Bailey Corporation, BSR targets residents seeking premium rental housing in markets with low unemployment and strong demand dynamics, generating revenue primarily from rental income. In recent strategic moves, BSR announced in February 2025 a US$618.5 million disposition of nine stabilized properties totaling 2,701 units to AvalonBay Communities, comprising US$380 million in cash and up to US$238.5 million in equity units, to repay debt, fund general purposes and redeploy approximately US$190 million into higher-growth assets in core Texas Triangle markets; the REIT acquired The Venue Craig Ranch, a 277-unit Class A community in McKinney, Texas, for US$61 million in January 2025, funded via its revolving credit facility with plans to offset through US$60 million in asset sales; additionally, BSR redeemed all US$41.5 million in outstanding convertible debentures in January 2025, strengthening its balance sheet and eliminating legacy unitholder consent rights to enhance governance and growth flexibility.

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