BSR REIT Q2 revenue falls on property sales, suspends guidance
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/Miss | Actual | Consensus Estimate |
Q2 Adjusted FFO | $8.40 mln | ||
Q2 FFO | $9.20 mln | ||
Q2 Adjusted FFO Per Share | $0.19 | ||
Q2 Net Asset Value | $653.30 mln |
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 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
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