PAST TOP PICK
(A Top Pick Sep 27/21, Up 1%) Canadian listed REIT that operates in USA (Sunbelt multi-family housing). Will continue to hold. Great balance sheet with operating incoming outpacing inflation. Fastest growing cities in the USA are in the Sunbelt. Stock trading at discount to net asset value.
REAL ESTATE

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At this point, no, though they have good assets. Good at what they do. Valuation is high. The theme of owning rentals has fully matured. CAD strength is a headwind. Well run. Small cap, good job of growing.
REAL ESTATE
BUY
A good one to hold. A definite buy. Focus in Texas, where there's tremendous population and job growth. In the affordable part of the market, which is where you want to be at this part of the cycle. Trades at 18% discount to NAV (intrinsic value). Lots of growth ahead, really great management.
REAL ESTATE
PAST TOP PICK
(A Top Pick Jan 28/21, Up 61%) Owns the middle market or more affordable apartments in the U.S. sunbelt. Management is good and the apartments are well run. There is still a wide discount to NAV so it is a little gem that falls under the radar screen. Suggests a price well above $23.00
REAL ESTATE
PAST TOP PICK
(A Top Pick Nov 10/20, Up 60%) Continues to recommend it. Tremendous job on capital allocation. In one year, over 40% NAV growth. High growth, right market, sweet spot in rental market. Trades at a discount.
REAL ESTATE
PAST TOP PICK
(A Top Pick Sep 29/21, Up 52%) All of its business is in the US. It owns multi-family in Dallas, Austin, and Oklahoma City. They are affordable rents. It is one of the cheapest residential stocks. The price should be north of $20.
REAL ESTATE
TOP PICK
He likes that over the past three years they did a great job of recycling capital. As a result there will be a lot of earnings growth in the company. It trades at a discount to market value. He sees it going north of $20. (Analysts’ price target is $21.55)
REAL ESTATE
BUY

He finds the sectors that have tailwinds and goes bottom-up to find discounts. You could buy one or both of these: WIR.UN (industrial) or HOM.UN (apartments), as both are USD denominated, listed on TSX, in sectors that he likes.

REAL ESTATE
TOP PICK
Trades in USD and CAD. US apartments, mainly in the US sunbelt, in high-growth markets. Best way to get exposure to those markets globally. Discount to NAV. Very high cap rate. Valuation is supported at a time when fundamentals are strong. Increasing demand. Yield is 3.7%. (Analysts’ price target is $17.02)
REAL ESTATE
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.
REAL ESTATE
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.
REAL ESTATE
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)
REAL ESTATE
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.
REAL ESTATE
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.
REAL ESTATE
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.

REAL ESTATE
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BSR REIT(HOM.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 4

Stockchase rating for BSR REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

BSR REIT(HOM.UN-T) Frequently Asked Questions

What is BSR REIT stock symbol?

BSR REIT is a Canadian stock, trading under the symbol HOM.UN-T on the Toronto Stock Exchange (HOM.UN-CT). It is usually referred to as TSX:HOM.UN or HOM.UN-T

Is BSR REIT a buy or a sell?

In the last year, 4 stock analysts published opinions about HOM.UN-T. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BSR REIT.

Is BSR REIT a good investment or a top pick?

BSR REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for BSR REIT.

Why is BSR REIT stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is BSR REIT worth watching?

4 stock analysts on Stockchase covered BSR REIT In the last year. It is a trending stock that is worth watching.

What is BSR REIT stock price?

On 2022-11-22, BSR REIT (HOM.UN-T) stock closed at a price of $18.57.