Bsr Real Estate Investment Trust · TSX:BSRT.UN
Bsr Real Estate Investment Trust — Q1 2025 Earnings Presentation
13 slides from Bsr Real Estate Investment Trust's earnings presentation, Jun 8, 2025
Slide 1: Company Update
June 2025 Company Update Adley at Gleannloch | Houston, TX
Slide 2: Legal Disclaimers
Legal Disclaimers Non-Reliance This presentation is for informational purposes only and does not purport to be comprehensive or to contain all the information that a recipient may need in order to evaluate an investment in BSR Real Estate Investment Trust (“BSR” or the “REIT”). No representation or
Slide 3: BSR REIT Snapshot
BSR REIT Snapshot BSR is a sunbelt focused multifamily REIT positioned for outsized growth 25 6,802 5 Wholly Owned Properties Apartment Units Growth Oriented Markets 100% Volterra at Westlake | Houston, TX $1.3B Internally Managed Gross IFRS Portfolio Operational Model Fair Value(1) 100% 95.9% Garde
Slide 4: Q1 2025 Highlights
Q1 2025 Highlights Solid start to 2025 lays groundwork for continued outsized growth for unitholders Q1 Operating Highlights Q1 Same Community Highlights Balance Sheet & Payout Update 95.9% +0.6% 45.3% Q1 2025 W.A. Ending YoY Same Community Debt / Gross Book Occupancy Rate(1)(2) Revenue Increase Val
Slide 5: Recent Houston Acquisitions
Recent Houston Acquisitions Successfully, expediently and accretively redeploying significant portion of strategic disposition proceeds Forayna Vintage Park | Houston, TX 350 6 Apartment Suites Rental Buildings 103,942 $109,262 3-Mile Population Average 3-Mile Household Income HOUSTON Botanic Luxury
Slide 6: Transforming BSR for Our Next Phase of Growth
Transforming BSR for Our Next Phase of Growth Opportunistic sale of stabilized assets at attractive valuation unlocked value to help drive future growth Transaction Details On February 27, 2025, BSR announced the strategic disposition of $618.5 million of assets to AvalonBay Communities, Inc. (“AV
Slide 7: Portfolio Overview
Portfolio Overview BSR owns and operates a diversified portfolio of high-quality, affordable, assets located in the sun-belt Average Q1 Ending Venue Craig Ranch | Dallas, TX Assets Units Rent / Unit Occupancy HOU 10 2,874 $1,525(1) 96.3%(1) DAL 5 1,658 $1,538 95.7% Texas AUS 4 1,317 $1,554 96.0%(2)
Slide 8: BSR's Core Market Highlights: Key Texas Triangle Demand Drivers
BSR’s Core Market Highlights: Key Texas Triangle Demand Drivers Our “Texas Triangle” focus positions BSR at the forefront of scaled residential growth markets in the U.S. Dallas, TX | 29% of Current Portfolio NOI +2.2% 20% More 8.9 Million (#7 in USA) Affordable Total Potential vs. National Average
Slide 9: BSR's Investment Strategy
BSR’s Investment Strategy Focused investment strategy targeting highest risk-adjusted returns within our core markets Dallas, Houston, and Austin Markets with positive population, employment, and median income Target growth relative to U.S. overall growth statistics Markets / Submarkets Submar
Slide 10: Supply Backdrop Improving Materially
Supply Backdrop Improving Materially A “normalized” supply backdrop is on the horizon Commentary Dallas New Delivery Expectations 2025 2026 Following unprecedented levels of new multifamily YoY New Deliveries YoY New Deliveries supply over the last 2 years, material slow-downs in new starts are ex
Slide 11: Operational Update
Operational Update BSR’s asset quality is driving steady performance despite significant supply driven headwinds Commentary Quarterly Ending Occupancy Occupancy remains stable, demonstrating 96.0% 95.9% 95.0% 94.7% 95.3% 95.2% 95.3% 95.3% 95.3% 94.7% 95.6% 95.9% desirability of BSR’s assets Conc
Slide 12: BSR's Strategy Going Forward
BSR’s Strategy Going Forward Completion of strategic disposition redeployment in Houston & Dallas; remaining capital to be strategically allocated according to market conditions Maintain focus on high-quality, diversified multifamily strategy in the core markets of the Texas Triangle Continue to pro
Slide 13: Spencer Andrews
Investor Relations Contact: Spencer Andrews spencer.andrews@bsrreit.com (501) 371-6321 13
BSR Real Estate Investment Trust — Q1 2025 Earnings Presentation on 6ix