Added to YB: 2025-07-10
Pitch date: 2025-07-09
HOM-U.TO [bullish]
BSR Real Estate Investment Trust
-9.7%
current return
Author Info
No bio for this author
Company Info
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust.
Market Cap
CAD 386.9M
Pitch Price
CAD 17.23
Price Target
17.30 (+10%)
Dividend
4.93%
EV/EBITDA
20.17
P/E
20.08
EV/Sales
8.66
Sector
Residential REITs
Category
value
BSR Real Estate Investment Trust - $HOM-U.TO
HOM-U.TO: Small-cap REIT (~$700m) owning 25 US multifamily properties (~6,800 units), primarily in Texas. Trades at 6.2% cap rate, $165k/unit, 23% discount to NAV ($17.30). AvalonBay bought 1/3 of portfolio at 5% cap rate, $230k/unit. Transaction removed Class B unitholder consent rights, opening door to M&A. Strong mgmt track record.
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