Summer Sale

50% off Premium Yearly

00days
00hrs
00mins
00secs

TSE:HOM.UN

BSR REIT (HOM.UN.TO)

15.71
-0.00 (0.00%)
as of Aug 20, 2026, 1:30:01 pm Market Open.
128 watching
0
Investor Insights
star iconAug 19, 2026, 12:00 am

This summary was created by AI, based on 2 opinions in the last 12 months.

BSR REIT (HOM.UN-T) has garnered mixed reviews from investors, indicating a cautious optimism about its future. One investor, while currently underwater and previously a shareholder, respects the management team but expresses concerns about the broader multi-family market condition in the U.S., particularly in the Sun Belt region. They highlight the company's healthy discount to net asset value (NAV) and suggest patience for potential improvements in pricing power over the next year, all while benefiting from a 4.6% yield. Another investor acknowledges the company’s adept handling of new market supply, though notes a recent sale of 30% of its portfolio. This investor also shares optimism about a market recovery by 2027 for U.S. apartments in the Sun Belt, affirming the stock’s favorable valuation relative to NAV.

consensus icon
Consensus
Cautious
valuation icon
Valuation
Undervalued
review icon
Similar
AIV
PAST TOP PICK
(A Top Pick Apr 30/20, Up 5%) They operate multi-family apartments in the U.S. sunbelt--mostly Dallas, Houston and Austin, which are high-growth/job centres, and BSR is targeting the middle market with affordable rents. Likes this, but the valuation doesn't make sense. It trades at an implied CAP rate of 6.1% (the capitalization rate is the going-in yield when you buy a property, like a bond yield, and the higher the yield, the lower the price, and vice-versa). A great, well-run company. Very bullish about it.
PAST TOP PICK
(A Top Pick Mar 05/20, Down 15%) He's still buying it today. Affordable apartments in the US. Navigated well through the pandemic. Cheap stock, well situated.
TOP PICK
A way to diversify away from Canadian markets, but still listed on the TSX. Cheap. Lots of upside. Great job of recycling their portfolio. Great chance to buy a smaller, higher growth REIT. Yield is 4.54%. (Analysts’ price target is $16.19)
PAST TOP PICK
(A Top Pick Nov 04/19, Down 9%) The value of buildings are higher now than a year ago, but the stock price is down. A disconnect. He continues to recommend it. They're focused on affordable housing in Dallas and the Sunbelt. It trades at a wide discount to NAV. Great managers. It's a buying opportunity.
TOP PICK
Pays a 4.93% yield. Assets are higher now than pre-Covid. It trades north of its 6% CAP rate, which is way too high (see past picks today). BSR is undervalued and cheap now. This could be north of $16. Tremendous value now. Canadians don't recognize the American value.
BUY

One of his top picks. It owns apartments in the US sunbelt, especially Texas. He's toured all their assets. Managers own half the company. Trades at a major discount to NAV. A Canadian company that owns US assets, but are not valued like Canadian assets, because investors aren't familiar with those American assets. He looks to the US market for comparable assets to BSR. This is easily worth north of $12 USD.

TOP PICK
He's one of the biggest owners of this. They operate in the US sunbelt, like Dallas and Austin where the population is outpacing the country. A good operator. They offer growth and stability. Rents are affordable to target the middle market. Pays a good yield. Trades at a discount to NAV.
PAST TOP PICK
(A Top Pick Apr 30/20, Up 11%) He continues to own it. He is a very large holder. He thinks highly of management. It trades at a large discount to NAV.
PAST TOP PICK

(A Top Pick Mar 05/20, Down 26%) This one falls in their sweet spot of vision because it is a US REIT listed here in Toronto. It is similar to TCN-T. Their assets are very well run. 50% of ownership is in managements hands. He thinks it is at 30% discount to net asset value.

TOP PICK
It will benefit during this recovery as their rents are very affordable in key growth markets where job growth can be positive and people need a place to live. There is a lot of value in this company. (Analysts’ price target is $11.35)
PAST TOP PICK
(A Top Pick Nov 04/19, Up 11%) It is a classic name to own. US apartments traded in Toronto. He sees a huge discount to net asset value. Apartments are in the sun belt.
TOP PICK
You want it to be recession resilient but still have growth and this fits into that camp. A similar portfolio to theirs recently sold at a 4.6 cap rate. Even if you put the cap rate as low as 5 on HOM.UN-T you get an $18 stock and it is $13 today. (Analysts’ price target is $17.94)
TOP PICK

They run 9,400 apartments in the US Sunbelt, in high-growth (in terms of population and jobs) areas like Dallas, Austin and Houston. Texas makes up 50% of their income. These are affordable apartments, too, that attract working folks. Targets $15-18 in a few years. (Analysts’ price target is $13.00)

BUY

A US or European REIT like CAP REIT Europe: ERE.UN (already discussed on this show) fits the bill. For the U.S.: BSR REIT, KW-N or COLD-T.

TOP PICK
A large holding in rental apartments in the Sun Belt. Affordable apartments that are a very defensible holding. Management owns 50% of the shares. It is worth $13.50 per share in the short term. Yield 4.03% (Analysts’ price target is $16.95)
Showing 16 to 30 of 32 entries