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.
Undervalued second-rate dividend payer.
Share Price & News
How has BSR Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BSRT.F's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BSRT.F exceeded the US REITs industry which returned -7.2% over the past year.
Return vs Market: BSRT.F underperformed the US Market which returned 8.9% over the past year.
Price Volatility Vs. Market
How volatile is BSR Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is BSR Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BSRT.F ($10.53) is trading below our estimate of fair value ($15.92)
Significantly Below Fair Value: BSRT.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BSRT.F is good value based on its PE Ratio (6.7x) compared to the REITs industry average (29.6x).
PE vs Market: BSRT.F is good value based on its PE Ratio (6.7x) compared to the US market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BSRT.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BSRT.F is good value based on its PB Ratio (0.7x) compared to the US REITs industry average (1.5x).
How is BSR Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if BSRT.F's forecast earnings growth is above the savings rate (2.2%).
Earnings vs Market: Insufficient data to determine if BSRT.F's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BSRT.F's revenue (5.5% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: BSRT.F's revenue (5.5% 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 BSRT.F's Return on Equity is forecast to be high in 3 years time
How has BSR Real Estate Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BSRT.F has high quality earnings.
Growing Profit Margin: BSRT.F's current net profit margins (32.4%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: BSRT.F's earnings have grown by 12.3% per year over the past 5 years.
Accelerating Growth: BSRT.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BSRT.F had negative earnings growth (-83.7%) over the past year, making it difficult to compare to the REITs industry average (5.2%).
Return on Equity
High ROE: BSRT.F's Return on Equity (10.2%) is considered low.
How is BSR Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: BSRT.F's short term assets ($18.9M) do not cover its short term liabilities ($36.0M).
Long Term Liabilities: BSRT.F's short term assets ($18.9M) do not cover its long term liabilities ($741.9M).
Debt to Equity History and Analysis
Debt Level: BSRT.F's debt to equity ratio (213.1%) is considered high.
Reducing Debt: Insufficient data to determine if BSRT.F's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: BSRT.F's debt is not well covered by operating cash flow (7%).
Interest Coverage: BSRT.F's interest payments on its debt are not well covered by EBIT (1.2x coverage).
What is BSR Real Estate Investment Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BSRT.F's dividend (4.71%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: BSRT.F's dividend (4.71%) is in the top 25% of dividend payers in the US market (4.32%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether BSRT.F's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if BSRT.F's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36.8%), BSRT.F's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Bailey (62yo)
Mr. John Stanley Bailey is Chief Executive Officer of BSR Real Estate Investment Trust and has been its Trustee since April 08, 2018. Mr. Bailey serves as Chairman of The Board and Chief Executive Officer ...
|CEO & Trustee||no data||no data||10.2% $41.8m|
|President & COO||2.17yrs||US$917.81k||0.057% $235.4k|
|CFO & Corporate Secretary||2.17yrs||US$646.02k||0.028% $115.3k|
|Executive VP & Chief Investment Officer||2.17yrs||US$713.62k||0.046% $187.9k|
|Chief Administrative Officer||2.17yrs||US$405.63k||0.14% $567.2k|
|Chief Accounting Officer||2.17yrs||no data||no data|
|Director of Marketing||no data||no data||no data|
|Director of Human Resources||no data||no data||no data|
|Vice President of Asset Management||no data||no data||no data|
|Controller||no data||no data||no data|
Experienced Management: BSRT.F's management team is considered experienced (2.2 years average tenure).
|CEO & Trustee||no data||no data||10.2% $41.8m|
|Independent Trustee||2.17yrs||US$76.99k||0.00067% $2.7k|
|Independent Chairman||no data||US$149.59k||0.21% $869.6k|
|Independent Trustee||2.17yrs||US$107.56k||0.026% $107.6k|
|Independent Trustee||2.42yrs||US$109.47k||0.25% $1.0m|
|Independent Trustee||2.17yrs||US$103.35k||0.010% $41.2k|
|Non-independent Trustee||2.17yrs||US$77.07k||0.011% $44.8k|
Experienced Board: BSRT.F's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BSRT.F insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.
BSR Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
- Name: BSR Real Estate Investment Trust
- Ticker: BSRT.F
- Exchange: OTCPK
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: CA$554.827m
- Market Cap: CA$243.044m
- Listing Market Cap: CA$410.330m
- Shares outstanding: 44.60m
- Website: https://www.bsrreit.com
Number of Employees
- BSR Real Estate Investment Trust
- 333 Bay Street
- Suite 3400
- M5H 2S7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HOM.U||TSX (The Toronto Stock Exchange)||Yes||REIT Units||CA||USD||May 2018|
|BSRT.F||OTCPK (Pink Sheets LLC)||Yes||REIT Units||US||USD||May 2018|
|HOM.UN||TSX (The Toronto Stock Exchange)||Yes||REIT Units||CA||CAD||May 2018|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 05:49|
|End of Day Share Price||2020/06/04 00:00|
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.