It has taken a lot of time and hard work to transition the portfolio out of our nine core secondary markets. BSR Real Estate Investment Trust Real Estate Investment Trust Unit HOM.U Ownership Morningstar Rating | Rating as of Apr 18, 2023 Quote Chart Stock Analysis News Price vs Fair. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. Wondering if we could touch for a minute on the labor side of your business. Five-Star Insider Buys 9%-Yielding Slate Office REIT: Should You? There are more people moving into Austin than there's housing available. And we've got somebody assigned to that. We thank you very much for participating, and ask that you please disconnect your lines. So rolling into '23. Okay. We are experiencing double-digit revenue growth. Buick's Gorgeous New Lineup Might Leave You Speechless. NOI for the total portfolio increased 8.3% to $16.5 million from $15.2 million in Q3 2020. So that's pretty good. UDR, Inc. (the "Company") (NYSE: UDR), a leading multifamily real estate investment trust and GRESB 5 Star rated company for its sustainability leadership, announced today that it has closed a $510 million joint venture with LaSalle Investment Management (the "Partner"). And we will continue to benefit from the recent accretive acquisitions we completed, including two in the third quarter. You've got cap rate compression, and that cap rate compression is driven by really some of the highest rent growth in the country, in the continent. Well, absolutely -- yes, this is Dan. During the quarter, we also refinanced $134.6 million in mortgage debt on six mortgages with proceeds from the credit facility and the creation of a nonrecourse loan with a fixed interest rate of 2.7%. And I think to really pinpoint that will have a lot to do with the -- how the rate increases are accepted in different areas. So just wondering what was this number like 6 months back or 12 months back or pre COVID? Matt, this is Dan again. We continue to see as well as every other multifamily owner in Austin, we continue to see heavy supply numbers, but absorption numbers sometimes two and three times what we're seeing in the supply. I'll take that. And the early return -- excuse me, just to back up Dan's point, the early returns are that being aggressive on the rents, you could lose a few people, but your income has gone up. View the best growth stocks for 2023 here. The company can be reached via phone at (501) 374-5050. The hard work of transforming our portfolio through the capital recycling program has been largely accomplished. As far as 2022 goes, we're in the middle of budgeting right now, it's still a moving target. Your next question comes from Matt Logan from RBC. KBS Real Estate Investment Trust, Inc. is a publically non-traded REIT. BSR Real Estate Investment Trust (BSRTF) - YCharts I would say that we talked about Houston a little bit, and part of that is because Dallas and Austin, I mean, those two are giants right now. The consensus among Wall Street equities research analysts is that investors should "strong buy" BSRTF shares. What Is The Ownership Structure Like For BSR Real Estate Investment And gosh, I wish it was more difficult than that for us. As Dan said, I think our retention rate was close to 57%. Yes. 326 E 8th St #105, Sioux Falls, SD 57103 I don't really want to say much more about that. That is helpful. 2022 Bank of America Securities Global Real Estate Conference | Vornado Currently, we're at 21%. Your next question comes from Matt Kornack from National Bank Financial. BSR Real Estate Investment Trust - CB Insights Please. Finally, I want to note that we were recently named as one of the best places to work in Arkansas by the publication Arkansas Business and the Best Companies Group. And I know you're still underwriting and expecting bigger rent rolls in the next few quarters as well. The average salary for BSR Real Estate Investment Trust employees is around $94,457 per year, or $45 per hour. What is BSR Real Estate Investment Trust's stock price forecast for 2023? This increased the maximum credit availability to $300 million from $285 million, extended the maturity to September 30, 2025 and decreased the interest rate to adjusted LIBOR plus 1.45% to 1.9%, subject to certain leverage ratios. That's what's driving that rental growth. BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. And they're doing that based on what they see new leases look like today. And maybe changing gears to the affordability. Finally, I want to note that since the REIT base shelf prospectus is expiring in December 2021, we intend to renew it by filling and obtaining a receipt for a short form base shelf prospectus to be valid for a 25-month period. I don't know if I said it the last time. 1 equities research analysts have issued 12-month price objectives for BSR Real Estate Investment Trust's shares. In the third quarter, it wasn't unlike any other quarter, we looked at 64 assets, about 26,000 suites, collective value of $5.9 billion. I think that's a good way to put it, Dan. And if you look at what I think has been one of the keys for our retainage, but also in controlling labor costs is the ability to train people properly and then have a succession program that we -- it's a robust one, where people are able to see a pathway for a system manager becoming a community manager, leasing agent becoming assistant manager. June 30, 2023 - 5:00 AM PDT. View our latest analysis for BSR Real Estate Investment Trust. That's how much depth there are in our three markets. Tesla: Can Downgrades Make Sense After A 170% Rally? So we're talking about dynamic growth and Dan's done a fabulous job finding the properties. We like to think we're disciplined. And now we're looking at anywhere from. Have feedback on this article? So that's calling out about a 3% success rate. Please disable your ad-blocker and refresh. I think Blake mentioned a little bit earlier that we're going to be a little bit more aggressive pursuing our news. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary and secondary markets in the Sunbelt region of the United States. Our properties in Little Rock is saying, well, remind people, we have two properties in Little Rock that remain. I mean Austin replaced their job, lost jobs during the pandemic quicker than any other town in the state. The REIT went effective in January 2006 and closed its offering in May 2008 after raising $1.7 billion in investor equity . That's in line with what we've seen in the past. BSR Real Estate Investment Trust Research & Ratings | BSRTF | Barron's I know everybody else says that, too. This -- and that is an extremely strong figure, and it highlights how robustly these MSAs have rebounded from the economic crisis caused by the pandemic. That's not too shabby. BSR Real Estate Investment Trust (OTCPK:BSRTF) is a small-cap that deals in "garden-style" multifamily properties in the U.S. Sunbelt. contact@marketbeat.com Participants: Michael Franco, President & Chief Financial Officer; Glen Weiss, EVP - Office Leasing & Co-Head of Real Estate; Thomas Sanelli, EVP - Finance & Chief Administrative Officer. And as far as the beat of the drum, I know that our acquisitions teams are out in the markets really kind of mapping out our strategy for 2022 and thinking about the components of it and where we would like to own properties and working with our ops teams to see what's most efficient for us. BSR REIT | Investors Thus, the increase from 3.5% to more like 4% to 7% a year in organic. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. BSR conducts business with integrity and strives for the highest ethical standards by always treating partners, team members, residents . Snowflake Score. And at this time, we calculate only 5% of our leases are at/or above market rates. Both properties were built very recently and they upgrade our overall portfolio. To me, betting on what year three rent growth is going to be is like tell me what interest rates are going to be in three years. As a matter of fact, we kind of see -- we love the clip we got in Q3 lease rates as a result of that and our hard work. I think we've gotten as high as 5% and probably as low as 2.5%. I'll now invite Susie to review our third quarter financial results in more detail. Is this happening to you frequently? Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. Based on an average daily trading volume, of 25,200 shares, the short-interest ratio is currently 4.4 days. BSR Real Estate Investment Trust average salary If you look at the third quarter of our total portfolio move-ins, 19% of our new leases were from people moving in from out of state. It's -- in our view, it's probably -- yes, I think previously we've guided to as high as 55. BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of . You may proceed. They've been driven by NOI gains and some cap rate compression at that. And you can pay anywhere between, call it, as little as $890 and as much as $2,000, right, on that $72,600 a year or that $4,600 a paycheck. And I want to kind of refresh everybody because I talk about it every quarter, but it's really important. real estate: General Partner: CUSIP Number: 05585D: Transfer Agent: TSX Trust Company: Financial Year-End: Dec 31: Size of Issuer (Assets): Next year, Houston deliveries look to drop another 1,500 units down to 11,500 units. Susie will then review the financials and conclude by discussing our outlook and strategy. BSR Real Estate Investment Trust Announces US$100 Million Well, our turnover has been pretty consistent. that could cause actual results to differ materially. Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. And we intend, when you're saying retention and what we're going to do, we're going to do everything we can to maximize the income. Yuexiu REIT Wins the Best ESG (Social) Award at 9th Investor Relations I think 6% is a fair number. To clarify, non-stabilized refers to properties that were undergoing lease-up or significant renovation such as taking an entire building down during at least part of the comparative period. And that's about 56% of your take-home income after taxes. The company management answer to the board and the latter should represent the interests of shareholders. Sorry, we cut out there, and Blake is going to take this one. If we pick up more renewals, we'll see that occupancy get closer to 97%. That's very helpful. So by our watch, we're just counting forward 18 months, and we're measuring that success each week and each month. And I agree with everything you guys said, except one thing that Dan said, that Blake was younger 25 years back. Scott Ray that's sitting here works with Jennifer Gulledge. BSR Real Estate Investment Trust trades on the OTCMKTS under the ticker symbol "BSRTF.". So what do we think? But is the market trending towards kind of figuring in year two and three, there's going to be a maybe not similar pace, but a heightened pace of rent growth in some of the acquisition underwriting? Get the latest business insights from Dun & Bradstreet. And I think that points to the really, what, you're looking at the stats to [have probably a little] on Dan. We are excited about our growth trajectory. BSR REIT is now ranked among the top 10 undervalued stocks in the Real Estate sector on the Toronto Stock Exchange. Also, please note that losses on extinguishment of debt are excluded from the calculation of FFO and AFFO. Cap rates have certainly shrunk. click here to see if those insiders have been buying or selling. I mean there's no line from Georgetown to the north, I mean all the way to San Marcos on the south. There's a little bit to unpack there. Lithium is ideal for electric cars. As I noted earlier, we also expect to deploy approximately $70 million in accretive property acquisitions in our core markets before the end of the year. Your next question does come from Kyle Stanley from Desjardins. Its objective is to provide unit holders an opportunity to invest in multifamily real estate properties; provide cash distributions; maximize long-term unit value; and expand the asset base of the REIT. Identify stocks that meet your criteria using seven unique stock screeners. I'll begin the call with an overview of our third quarter performance and other corporate developments. Get in touch with us directly. And we're also seeing another thing that can add into that is there's not just one city that people are moving into. View BSRTF analyst ratings or view top-rated stocks. So we dropped to about 43% debt to GBV this quarter. It's going to be fixed over two to three years. Occupancy gains. That's Houston. We view this as an opportunity to boost our exposure in the highest growth primary markets in Texas and upgrade our overall portfolio quality. And maybe last one from me. John? And so I'm not super comfortable at this point giving guidance over what we think the increases will be in the next 12 months. Now how long that's going to last into 2022? I think managing and maintaining our weighted average cost of capital and being very disciplined in our allocation of capital as we acquire on a look forward, those are -- that's the second very important thing we can do. We're sitting now at somewhere around $1,200, and we're at 21%. So it's really old news by that point, by the time we send those out. I think BSR is not unlike a lot of our colleagues in that our stock price increases have been pleasant for our investors throughout the past year. Congrats on achieving that because I think it really does show in the numbers. View which stocks are hot on social media with MarketBeat's trending stocks report. But since that time, Dallas has really repositioned itself as the job locomotive of the United States. As of September 30, our acquisition capacity is approximately $250 million. . To get a sense of who is truly in control of BSR Real Estate Investment Trust (TSE:HOM.UN), it is important to understand the ownership structure of the business. This is what market is underwriting or expecting. Total portfolio revenue for Q3 2021 increased 6.2% to $31.7 million compared to $29.8 million in Q3 last year. You're simply not going to underwrite to a home loan at $72,600 a month a year , which you can happily live with BSR and a lot of our competitors. I mean clearly, the fundamentals are really strong in these markets. BSR Real Estate Investment Trust Property Type Residential REITs Company Type REIT Exchange Toronto Stock Exchange (TSX) Listing Status Public Ticker HOM.U $12.38 1 Year Return -12.11% Home Investing in REITs REIT Directory BSR is a leading owner and operator of multifamily communities in the Sunbelt region of the United States. Real Estate Headquarters Regions Southern US Founded Date 1956 Operating Status Active Last Funding Type Post-IPO Equity Also Known As BSR REIT Legal Name BSR Trust, LLC Stock Symbol TAL:HOM.U Company Type For Profit Contact Email customerservice@bsrreit.com Phone Number 501.374.5050 The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023. Weighted average occupancy as of September 30 was 96.4% compared to 93.7% at the end of Q3 last year. Net asset value per unit increased 41% from the end of Q3 last year to $17.77 this year. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Perfect. Find company research, competitor information, contact details & financial data for Bsr Real Estate Investment Trust of Little Rock, AR. Got it. (844) 978-6257. The Company and the Partner intend to grow the joint venture over time through the acquisition of high-quality, well . Those are up anywhere between 13% and 30% year-over-year. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040. And whenever we buy a property in Dallas, a pretty good chance he drove by 25 years ago when he was a younger man. Okay. I will now turn it back over to John for some closing comments. Overview Key Ratios Trading Information Last Close 12.64 Sector Real Estate Industry REIT - Residential Investment Style Small Blend Day Range 12.72 - 12.96 Year Range 12.32 - 17.76 Market. Just moving on from the $1.1 million, just trying to understand the spreads you're seeing in the rental markets. There are no further questions at this time. And the art and the science in building that rent roll is determined by how many renewals you want to have and how many news you want to have, and that's how you create the blend. Joanne, I would add, and I want to say this again. I just want to wrap my head around the magnanimity of that number in terms of what percentage of tenants would you say are actually reliant on their assistance program? That's very helpful. Matt, yes, you're right. From a standpoint of the first half of the year, I can see the fourth quarter of our company shaping up very well. This will enable us to maintain financial flexibility. Let's talk about the entire continent. Welcome to BSR REIT's conference call to discuss our financial results for the third quarter ended September 30, 2021. So they keep picking up. This 66-year-old company has rewarded investors pretty . BSR Real Estate Investment Trust saw a decrease in short interest in May. And I think what's important to look at first is what are we seeing in the last year? The general public, who are usually individual investors, hold a substantial 67% stake in BSR Real Estate Investment Trust, suggesting it is a fairly popular stock. HONG KONG, Jun 30, 2023 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, stock code: 405. Right. While it is well worth considering the different groups that own a company, there are other factors that are even more important. It's just the fundamentals of what's going on. My name is Kelsey, and I will be your conference operator today. So anyway, the next question is, I think, Dan, you mentioned 4% to 7% of organic growth between 2022 to 2025. BSR Real Estate Investment Trust - REIT Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth? As of May 31st, there was short interest totaling 110,100 shares, a decrease of 6.1% from the May 15th total of 117,300 shares.