Snowflake Score | |
---|---|
Valuation | 5/6 |
Future Growth | 1/6 |
Past Performance | 4/6 |
Financial Health | 1/6 |
Dividends | 3/6 |
HOM.UN Stock Overview
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.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 95.7% per year for the next 3 years
+ 1 more risk
BSR Real Estate Investment Trust Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | CA$19.19 |
52 Week High | CA$28.08 |
52 Week Low | CA$16.20 |
Beta | 1.05 |
1 Month Change | -12.17% |
3 Month Change | -26.76% |
1 Year Change | 16.30% |
3 Year Change | 41.52% |
5 Year Change | n/a |
Change since IPO | 41.10% |
Recent News & Updates
Shareholder Returns
HOM.UN | CA REITs | CA Market | |
---|---|---|---|
7D | 1.7% | -0.1% | -1.2% |
1Y | 16.3% | -12.7% | -4.5% |
Return vs Industry: HOM.UN exceeded the Canadian REITs industry which returned -12.7% over the past year.
Return vs Market: HOM.UN exceeded the Canadian Market which returned -4.5% over the past year.
Price Volatility
HOM.UN volatility | |
---|---|
HOM.UN Average Weekly Movement | 4.4% |
REITs Industry Average Movement | 3.8% |
Market Average Movement | 10.1% |
10% most volatile stocks in CA Market | 17.5% |
10% least volatile stocks in CA Market | 4.4% |
Stable Share Price: HOM.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HOM.UN's weekly volatility (4%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
n/a | 250 | Dan Oberste | https://www.bsrreit.com |
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. 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.
BSR Real Estate Investment Trust Fundamentals Summary
HOM.UN fundamental statistics | |
---|---|
Market Cap | US$858.02m |
Earnings (TTM) | US$272.87m |
Revenue (TTM) | US$131.36m |
2.0x
P/E Ratio4.2x
P/S RatioIs HOM.UN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
HOM.UN income statement (TTM) | |
---|---|
Revenue | US$131.36m |
Cost of Revenue | US$68.29m |
Gross Profit | US$63.07m |
Other Expenses | -US$209.80m |
Earnings | US$272.87m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | 7.31 |
Gross Margin | 48.01% |
Net Profit Margin | 207.73% |
Debt/Equity Ratio | 181.8% |
How did HOM.UN perform over the long term?
See historical performance and comparisonDividends
3.5%
Current Dividend Yield43%
Payout RatioValuation
Is HOM.UN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HOM.UN?
Other financial metrics that can be useful for relative valuation.
What is HOM.UN's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | US$858.02m |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 13.7x |
Enterprise Value/EBITDA | 36.9x |
PEG Ratio | -0.02x |
Price to Earnings Ratio vs Peers
How does HOM.UN's PE Ratio compare to its peers?
HOM.UN PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 3.6x | ||
MRG.UN Morguard North American Residential Real Estate Investment Trust | 1.7x | n/a | CA$908.8m |
MI.UN Minto Apartment Real Estate Investment Trust | 3.9x | n/a | CA$910.5m |
BEI.UN Boardwalk Real Estate Investment Trust | 4.1x | n/a | CA$2.1b |
IIP.UN InterRent Real Estate Investment Trust | 4.7x | n/a | CA$1.7b |
HOM.UN BSR Real Estate Investment Trust | 2x | -95.7% | CA$1.1b |
Price-To-Earnings vs Peers: HOM.UN is good value based on its Price-To-Earnings Ratio (2x) compared to the peer average (3.6x).
Price to Earnings Ratio vs Industry
How does HOM.UN's PE Ratio compare vs other companies in the CA REITs Industry?
Price-To-Earnings vs Industry: HOM.UN is good value based on its Price-To-Earnings Ratio (2x) compared to the Canadian REITs industry average (4.8x)
Price to Earnings Ratio vs Fair Ratio
What is HOM.UN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 2x |
Fair PE Ratio | 3.2x |
Price-To-Earnings vs Fair Ratio: HOM.UN is good value based on its Price-To-Earnings Ratio (2x) compared to the estimated Fair Price-To-Earnings Ratio (3.2x).
Share Price vs Fair Value
What is the Fair Price of HOM.UN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: HOM.UN (CA$19.19) is trading below our estimate of fair value (CA$50.72)
Significantly Below Fair Value: HOM.UN is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: HOM.UN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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Future Growth
How is BSR Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-95.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HOM.UN's earnings are forecast to decline over the next 3 years (-95.7% per year).
Earnings vs Market: HOM.UN's earnings are forecast to decline over the next 3 years (-95.7% per year).
High Growth Earnings: HOM.UN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HOM.UN's revenue (10.6% per year) is forecast to grow faster than the Canadian market (6.5% per year).
High Growth Revenue: HOM.UN's revenue (10.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HOM.UN's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has BSR Real Estate Investment Trust performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
16.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HOM.UN has a large one-off gain of $472.6M impacting its March 31 2022 financial results.
Growing Profit Margin: HOM.UN's current net profit margins are higher than last year (27.9%).
Past Earnings Growth Analysis
Earnings Trend: HOM.UN's earnings have grown by 16.5% per year over the past 5 years.
Accelerating Growth: HOM.UN's earnings growth over the past year (777.2%) exceeds its 5-year average (16.5% per year).
Earnings vs Industry: HOM.UN earnings growth over the past year (777.2%) exceeded the REITs industry 163.2%.
Return on Equity
High ROE: Whilst HOM.UN's Return on Equity (37.64%) is high, this metric is skewed due to their high level of debt.
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Financial Health
How is BSR Real Estate Investment Trust's financial position?
Financial Health Score
1/6Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: HOM.UN's short term assets ($20.0M) do not cover its short term liabilities ($27.3M).
Long Term Liabilities: HOM.UN's short term assets ($20.0M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: HOM.UN's net debt to equity ratio (180.5%) is considered high.
Reducing Debt: HOM.UN's debt to equity ratio has reduced from 188.5% to 181.8% over the past 5 years.
Debt Coverage: HOM.UN's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: HOM.UN's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
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Dividend
What is BSR Real Estate Investment Trust current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
3.54%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HOM.UN's dividend (3.54%) is higher than the bottom 25% of dividend payers in the Canadian market (2%).
High Dividend: HOM.UN's dividend (3.54%) is low compared to the top 25% of dividend payers in the Canadian market (5.36%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, HOM.UN has been paying a dividend for less than 10 years.
Growing Dividend: HOM.UN's dividend payments have increased, but the company has only paid a dividend for 3 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (43.1%), HOM.UN's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (47.3%), HOM.UN's dividend payments are well covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
Dan Oberste (40 yo)
4.25yrs
Tenure
US$1,099,381
Compensation
Mr. Daniel M. Oberste, also known as Dan, serves as President of BSR Real Estate Investment Trust since November 10, 2020 and Chief Investment Officer since April 08, 2018 and served as its Executive Vice...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($USD1.10M) is below average for companies of similar size in the Canadian market ($USD1.60M).
Compensation vs Earnings: Dan's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: HOM.UN's management team is considered experienced (4.3 years average tenure).
Board Members
Experienced Board: HOM.UN's board of directors are considered experienced (4.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HOM.UN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.5%.
Top Shareholders
Company Information
BSR Real Estate Investment Trust's employee growth, exchange listings and data sources
Key Information
- Name: BSR Real Estate Investment Trust
- Ticker: HOM.UN
- Exchange: TSX
- Founded: NaN
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: CA$1.121b
- Market Cap: CA$721.832m
- Shares outstanding: 57.95m
- Website: https://www.bsrreit.com
Number of Employees
Location
- BSR Real Estate Investment Trust
- 333 Bay Street
- Suite 3400
- Toronto
- Ontario
- M5H 2S7
- Canada
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/07/05 00:00 |
End of Day Share Price | 2022/07/05 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.