The earnings call reflects a cautious optimism. While there are challenges with declining NOI and increased finance costs due to interest rate swap cancellations, the company is strategically repositioning its portfolio for future growth and has seen positive trends in occupancy and leasing spreads.

Company Guidance -

Q3 2025

During the BSR REIT Second Quarter 2025 Financial Results Conference Call, the company provided guidance indicating a positive shift in their business outlook. They reported a same-community weighted average occupancy of 95.6%, marking a 20 basis point increase from the previous year. The same-community blended re-leasing spreads improved by 200 basis points from Q1 to Q2 2025, with July seeing a 1.1% growth. The retention rate increased by 300 basis points year-over-year, reaching 57.4%. BSR REIT completed significant transactions, including the sale of six properties for $431.5 million and the acquisition of two communities in Houston for $141 million, with occupancy rates improving by 5% since acquisition. The REIT's debt-to-gross book value stood at 48.9%, with a weighted average interest rate of 3.8%. They expect continued favorable market conditions and aim to leverage strategic acquisitions in their core Texas markets, targeting $200 million to $250 million in acquisitions for the year. Despite short-term fluctuations, the company remains optimistic about long-term growth, driven by population increases and a declining new supply in their target markets.

Improved Occupancy and Retention Rates

Same-community weighted average occupancy increased to 95.6%, a 20 basis point rise from Q2 last year. Retention rate improved by 300 basis points year-over-year to 57.4%.

Strategic Property Dispositions and Acquisitions

Completed the sale of six properties in Dallas for $431.5 million and reinvested in new properties in Houston, enhancing portfolio quality and potential returns.

Positive Leasing Trends

Same-community blended trade-outs turned positive for the first time since Q3 2024, with a growth of 1.1% in July.

Strong Position for Future Growth

The company is well-positioned to benefit from population growth in Texas, with a focus on acquiring new construction properties in Houston and Dallas.

Improved AFFO Payout Ratio

The AFFO payout ratio for the quarter was 73.0%.

BSR Real Estate Investment Trust (TSE:HOM.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:HOM.UN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	- / -	-0.995	―	―	―
Aug 06, 2025	2025 (Q2)	- / -0.71	-0.996	28.92% (+0.29)	―	―
May 07, 2025	2025 (Q1)	- / -1.09	-0.039	-2687.18% (-1.05)	―	―
Mar 05, 2025	2024 (Q4)	- / 1.03	-1.697	160.93% (+2.73)	―	―
Nov 07, 2024	2024 (Q3)	- / -0.99	-1.868	46.73% (+0.87)	―	―
Aug 06, 2024	2024 (Q2)	- / -1.00	-1.078	7.61% (+0.08)	―	―
May 08, 2024	2024 (Q1)	- / -0.04	-0.382	89.79% (+0.34)	―	―
Mar 12, 2024	2023 (Q4)	- / -1.70	-0.384	-341.93% (-1.31)	―	―
Nov 08, 2023	2023 (Q3)	- / -1.87	0.534	-449.81% (-2.40)	―	―
Aug 09, 2023	2023 (Q2)	- / -1.08	3.528	-130.56% (-4.61)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:HOM.UN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	C$17.08	C$16.83	-1.46%
May 07, 2025	C$18.19	C$18.26	+0.38%
Mar 05, 2025	C$18.10	C$17.66	-2.43%
Nov 07, 2024	C$17.34	C$17.38	+0.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does BSR Real Estate Investment Trust (TSE:HOM.UN) report earnings?

BSR Real Estate Investment Trust (TSE:HOM.UN) is schdueled to report earning on Nov 11, 2025, After Close (Confirmed).

What is BSR Real Estate Investment Trust (TSE:HOM.UN) earnings time?

BSR Real Estate Investment Trust (TSE:HOM.UN) earnings time is at Nov 11, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What is TSE:HOM.UN EPS forecast?

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