The highest earners in the top 75th percentile are paid over $107,026. 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. Sorry, we cut out there, and Blake is going to take this one. So what's happening in -- and just overall in the U.S. markets on cap rate compression, we're seeing that primary, secondary, tertiary markets across the board. BSR REIT | LinkedIn BSR REAL ESTATE INVESTMENT TRUST : HOM.UN Stock Price | CA05585D1033 And I think that as a synopsis to Dan, which I think is really a great synopsis, that's if you can find a house to buy. It's lightweight, stores lots of energy and is rechargeable. Yes. If you have an ad-blocker enabled you may be blocked from proceeding. But we're going to be sure that we've got someone to put in that unit before we do anything that decreases our retention percentage to any degree. Yuexiu REIT Wins the Best ESG (Social) Award at 9th Investor Relations CarsGenius. Meanwhile, the second and third largest shareholders, hold 5.3% and 3.2%, of the shares outstanding, respectively. That's Houston. Scott Ray that's sitting here works with Jennifer Gulledge. Sorry, go ahead. I think, Blake, you mentioned only 5% of leases are at/or above market rates. 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. In terms of your retention, how would that generally compare to the market? Bsr Real Estate Investment Trust - Crunchbase 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? And out of those 64 assets, we bought two. Moderators: Jeff Spector, Managing Director & Head of US REITs, Bank of America Securities; Camille . You did mention earlier that only about 5% of your portfolio are currently at market rents. As of September 30, we had a total -- we had total mortgage notes payable of $547.6 million, excluding the credit facility and the line of credit, with a weighted average contractual interest rate of 3.1% and a weighted average term to maturity of 5.7 years. If we pick up more news, we'll see the occupancy dip down in the mid-90s or mid-95% to the kind of the higher maybe 96% range. BSR REIT (Toronto Stock Exchange HOM.U) is a publicly traded multifamily real estate owner operator. The company can be reached via phone at (501) 374-5050. Please refer to the cautionary statements on forward-looking information in our news release and MD&A dated November 9, 2021, for more information. Share this article: Stay In The Know. I think one key point for our secret sauce and BSR is that our Chief Operating Officer in Blake lives in Dallas. 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 . So that gives me great -- a great feeling that this is going to continue for the foreseeable future. As of September 30, our acquisition capacity is approximately $250 million. Let's talk about the entire continent. So you're still seeing a kind of a, let's say, a breach in that net supply creating a, I'll say, a gap and then new renters coming to our markets. We -- so we have one property left that is not yet fully stabilized, that will recognize some of the rent guarantee in Q4. And at BSR, you can live with us and you can have a two-story athletic facility, a walking trail and a property next to a lake you can go fishing in, in the middle of a thriving kind of work, live, play area. Thus, the increase from 3.5% to more like 4% to 7% a year in organic. Yes, I'll take this one. 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. I think we keep our eyes down, keep focusing on what we do and maintain a disciplined approach to our balance sheet and keep our culture. I don't think anybody said that yet. BSR Real Estate Investment Trust's (TSE:HOM.UN) largest shareholders BSR Real Estate Investment Trust saw a decrease in short interest in May. So it's not just our "noncore", it's gardening in our existing markets. The Company owns approximately 31 multifamily garden-style residential properties . And maybe changing gears to the affordability. I want to point out that Houston, I mean, we feel like we unfairly beat up on Houston all the time. As we noted yesterday in our Q3 news release, same-community rental rates for new leases increased 19.8% year-over-year. They're well maintained and they're well run. Sorry, you're talking about the pipeline of newly developed properties. And we're also seeing another thing that can add into that is there's not just one city that people are moving into. Total loans and borrowings were $694.6 million, excluding the debentures and 71% of the REIT's debt was fixed were economically hedged to fixed rates. Now what do we have looking forward? And that's why that equation works out in each of our markets. Kyle, this is Dan. This was the fifth consecutive year in which we received this honor. And some people may decide they want to go another place. So we've had about a 5% increase in same-store operating expenses, right, on a year-to-date basis, and that will probably continue through the end of the year. View real-time stock prices and stock quotes for a full financial overview. The hard work of transforming our portfolio through the capital recycling program has been largely accomplished. HOM.U - BSR Real Estate Investment Trust Real Estate Investment Trust So that's pretty good. But that -- I think that -- when you have your incoming CEO as a part of your succession plan, that sends really a positive message to your people that you can come to BSR and have a career. Susie will then review the financials and conclude by discussing our outlook and strategy. Your next question comes from David Chrystal from Echelon Capital Partners. 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. But remember, it's about following discipline. Well, Himanshu, I've slept since then, so I'll have to revert back to my notes. This reflected organic same-property rental growth as well as the contributions from property acquisitions and non-stabilized properties, which added $10.8 million and $0.5 million of revenue, respectively. BSR Real Estate Investment Trust engages in the acquisition and owning of multifamily properties. I feel good about the next year. 06/30/2023 12 . AFFO increased 20.9%. 5 min read 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. Now in this case, we started seeing these rent increases show up, Joanne, in July just like the rest of the market. 16% is based on the current trends as of October? And then the third, as one of our board members say, the most important asset and the most important liability of any company is not on its balance sheet, it's its people. Average year construction of those assets were 2015. BSRTF | BSR Real Estate Investment Trust Stock Price & News - WSJ I mean Austin replaced their job, lost jobs during the pandemic quicker than any other town in the state. 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. Company. We acquired two high-quality, garden-style properties for a combined purchase price of $176.6 million or $250,000 per apartment unit, Hangar 19 in Dallas-Fort Worth and Aura 36Hundred in Austin. There's a little bit to unpack there. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Understanding RSI: A Powerful Momentum Indicator for Stock Analysis. So that $1.1 million was actually collected for rent that was due from the past. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. And I think we came into the IPO, I have a hard time to remembering numbers, but I think it was $777 a month in average rent. 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? It's just -- it's always a favorite market for people to pick on. I just -- a lot of the questions have been addressed, but I just wanted to follow up on one thing on the rent growth. Dallas is a good one, that's about 40% of our NOI. BSR Real Estate Investment Trust trades on the OTCMKTS under the ticker symbol "BSRTF.". That's about $1,000 higher to $1,500 higher than you're paying to live with us over -- in your residence at one of our properties. So that's been a thing that I think has really paid off for us, and we continue to really, really work on it. That's a great question. The increase reflects a higher FFO as well as a $0.7 million escrowed rent guarantee that was realized in Q3 2021 related to the properties that were acquired during the lease-up phase this year. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. I think executing on the organic rent that we see the opportunity to obtain as fast as possible is one of the big opportunity ahead of us. But no, I mean, I think that what we were looking at 12 months ago on compound growth was 3.5% per year. And during the third quarter, we refinanced mortgage debt and amended certain credit facilities to provide additional financial flexibility. So I think that bodes well for our business. We talked a little bit about the retention rate with employees. Investors may trade in the Pre-Market (4:00-9:30 a.m . Right. We are obviously very pleased with our financial results for the third quarter, but this is only the beginning. $1,275 at quarter end, an increase of 26.1% from $1,011 a year earlier. That's a pretty great stat. And that's the goal, as Dan said, and the early returns are, that's exactly what worked. And I think it's good to review the process for our new leases and renewals. Matt, this is Dan. I'll now invite Susie to review our third quarter financial results in more detail. Maybe just building on your commentary on Houston, Dan. Upgrade to MarketBeat All Access to add more stocks to your watchlist. All right. Austin is our unicorn market. So when we went public, I think you'll recall that we said our recurring CapEx would be about $450-ish a door. 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.
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