TSE:HOM.UN
BSR REIT (HOM.UN.TO)
Financials 
Technical Analysis 
Jun 9, 2026, 12:00 amThis summary was created by AI, based on 2 opinions in the last 12 months.
BSR REIT (HOM.UN-T) is currently facing challenges in the multifamily market, particularly in the US Sun Belt, as noted by various experts. One investor, despite being underwater on their investment, appreciates the management's efforts and acknowledges the company's current discount to net asset value (NAV). They highlight a potential turnaround in pricing power expected in about a year. Another review indicates a positive outlook, noting that while new supply has entered the US market, BSR REIT has managed its portfolio effectively, selling 30% to navigate these changes. Experts agree that although the company is currently positioned at a healthy discount, a recovery in the US apartment market is anticipated by 2027, offering a decent yield of 4.6% for patient investors.
Andrew MoffsAndrew MoffsAndrew MoffsAndrew MoffsAndrew MoffsOne 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.
Andrew MoffsAndrew MoffsAndrew Moffs(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.
Andrew MoffsAndrew MoffsAndrew MoffsAndrew MoffsThey 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)
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