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BSR REIT ANNOUNCES 4% INCREASE IN ITS CASH DISTRIBUTION BEGINNING FEBRUARY 2022
BSR REIT ANNOUNCES 4% INCREASE IN ITS CASH DISTRIBUTION BEGINNING FEBRUARY 2022 ...
About this update from Bsr Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n BSR REIT ANNOUNCES 4% INCREASE IN ITS CASH DISTRIBUTION BEGINNING FEBRUARY 2022\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n LITTLE ROCK, AR\n \n and\n \n TORONTO\n \n ,\n \n Feb. 15, 2022\n \n /CNW/ - BSR Real Estate Investment Trust (the \"REIT\" or \"BSR\") (TSX: HOM.U) (TSX: HOM.UN) today announced that the Board of Trustees of the REIT has approved a 4% increase in the REIT's cash distribution, beginning with the\n \n February 2022\n \n distribution. The new monthly distribution declared is\n \n US$0.0433\n \n per trust unit of the REIT (\"Unit\"), representing\n \n US$0.52\n \n per Unit on an annualized basis. Payment will be made on\n \n March 15, 2022\n \n to unitholders of record as at\n \n February 28, 2022\n \n .\n \n \n \"Continuous revenue growth and improving operations performance are generating stronger cash flows, and the Board of Trustees determined that this increase in the monthly distribution is warranted,\" said\n \n Dan Oberste\n \n , BSR's President and Chief Executive Officer. \"As we completed our capital recycling program late in 2021, we began to realize the financial benefits of  operating a resilient, high quality portfolio located in premier growth markets. We are positioned to continue to deliver on that success in 2022 and beyond.\"\n \n \n \n About BSR Real Estate Investment Trust\n \n \n BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of\n \n Ontario\n \n . The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary and secondary mark...