Overview

* BSR REIT Q3 2025 total revenue drops $9.2 mln, impacted by property dispositions

* Same Community NOI rises 2.7% in Q3 2025, driven by tax refunds and insurance savings

* BSR REIT acquireD The Ownsby for $87.5 mln, enhancing portfolio in Texas

Outlook

* BSR REIT anticipates improved revenue from property acquisitions and developments as they stabilize

* BSR REIT positioned to outperform due to improving economic and demographic fundamentals in Texas Triangle

* BSR REIT confident in refinancing capabilities for upcoming debt maturities

Result Drivers

* ACQUISITION IMPACT - Addition of The Ownsby in Dallas MSA contributed to portfolio growth, funded by Credit Facility and cash

* OCCUPANCY IMPROVEMENT - Aura 35Fifty occupancy rose to 86.6% from 59.7% in Q2 2025, indicating strong leasing momentum

* POSITIVE RENTAL RATES - First positive blended rental rate change since Q3 2024, with new leases and renewals showing improvement

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $6.40

Adjusted mln

FFO

Q3 FFO $7.60

mln

Q3 Net $648.80

Asset mln

Value

Press Release:

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(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.)