CA - BSR REIT: Solid Q1 Performance Despite Ongoing Supply Concerns
2024-06-30 10:00:43 ET
Summary
- We had rated BSR REIT as a buy in our initial coverage.
- The REIT has performed well and delivered great returns.
- We look at the REIT's Q1-2024 results and tell you why we are moving elsewhere.
We rated BSR Real Estate Investment Trust ( OTCPK:BSRTF ) a buy back in November of last year. That piece was our first review of this sunbelt focused residential REIT and came off sufficiently impressed to also place a bid on it ourselves. The shares took off soon after that article and our bid did not hit, so we did not participate in the following double-digit returns....
BSR REIT: Solid Q1 Performance Despite Ongoing Supply Concerns