Overview

* BSR REIT Q2 2025 rev, total portfolio declines 20.2% yr/yr due to property dispositions

* FFO per unit falls 19.2%, AFFO per unit down 20.8% yr/yr

* Co acquires Houston properties, aims to boost future revenue and NOI

Outlook

* BSR REIT suspends guidance

Result Drivers

* PROPERTY DISPOSITIONS - Revenue declined due to the sale of six properties, reducing revenue by $12.3 mln

* RENTAL RATE IMPROVEMENT - Same Community rental rates showed a positive blended increase in July, first since Q3 2024

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $8.40

Adjusted mln

FFO

Q2 FFO $9.20

mln

Q2 $0.19

Adjusted

FFO Per

Share

Q2 Net $653.30

Asset mln

Value

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the residential reits peer group is "buy"

* Wall Street's median 12-month price target for BSR Real Estate Investment Trust ( BSRTF ) is $16.00, about 21.5% above its August 5 closing price of $12.56

* The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)