Sector: Real Estate | Industry: Residential REITs |
Company Contact | |
Address: | 1400 West Markham, Suite 202 LITTLE ROCK AR 72201 |
Tel: | N/A |
Website: | https://www.bsrreit.com |
IR: | See website |
Key People | ||
Daniel M. Oberste President, Chief Executive Officer, Chief Investment Officer, Trustee | Susan Rosenbaum Koehn Chief Operating Officer, Interim Chief Financial Officer, Company Secretary | Steven Etchison Chief Accounting Officer | Scott Ray Chief Administrative Officer |
Business Overview |
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust (REIT) focused on acquiring and operating multifamily residential rental properties across the United States. It owns approximately 31 garden-style properties with over 8,666 apartments in Texas, Oklahoma, and Arkansas. Its properties features and amenities include resort-style pools, splash pads, upscale clubhouses, modern fitness centers, dog parks, pet care centers, garages, covered parking, bicycle storage, cinemas, private work pods, conference rooms, business centers, community game rooms, and outdoor barbeque areas. Its properties include Adley at Gleannloch Apartments, Alleia Long Meadow Farms Apartments, Ariza Plum Creek, Auberry at Twin Creeks, Aura Benbrook, Aura 36Hundred, Bluff Creek Apartments, Brandon Place Apartment Homes, Bridgeport Apartments, Cielo Apartment Living, Hangar 19, Lakeway Castle Hills, Markham Oaks Apartments, and M at Lakeline. |
Financial Overview |
For the nine months ended 30 September 2024, Bsr Real Estate Investment Trust revenues increased 1% to $126.5M. Net loss decreased 43% to $80M. Revenues reflect Funds from Operations - Per Share - Basi increase of 7% to $0.25, Other property income increase of 3% to $15M, Rental revenue increase of less than 1% to $111.5M. Lower net loss reflects Net Operating Income (NOI) - Total increase of 32% to $90.2M. |
Employees: | 250 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,678M as of Sep 30, 2024 |
Annual revenue (TTM): | $168.60M as of Sep 30, 2024 |
EBITDA (TTM): | $21.99M as of Sep 30, 2024 |
Net annual income (TTM): | -$149.56M as of Sep 30, 2024 |
Free cash flow (TTM): | $55.38M as of Sep 30, 2024 |
Net Debt Last Fiscal Year: | $1,110M as of Sep 30, 2024 |
Shares outstanding: | 53,537,407 as of Jan 8, 2025 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |