BSR Profile and Strategy
BSR REIT is an internally-managed real estate investment trust that owns and operates a portfolio of 47 multi-family real estate properties across the Sunbelt region of the United States. The properties are strategically located in five bordering states and have received significant capital investment in the last three years.
The REIT’s objective is to provide sustainable and growing distributions to investors by expanding cash flow through both organic rental growth and acquisitions. The REIT’s units trade on the Toronto Stock Exchange under the symbol HOM.U.
1. Fully aligned management platform with significant retained interest
2. Attractive asset class with favourable fundamentals
3. Sizeable, quality portfolio with embedded growth opportunity
4. Attractive external growth strategy
5. Stable cash distribution with a conservative AFFO payout ratio and debt profile. Debt to gross book value of 44.5% as at September 30, 2018.