The earnings call reflects a mix of positive strategic positioning and challenges in financial metrics. The positive developments in occupancy, strategic acquisitions, and market conditions are countered by declines in NOI, FFO, and increased finance costs due to swap cancellations.

Company Guidance

During the BSR REIT Second Quarter 2025 Financial Results Conference Call, several key metrics and strategic developments were highlighted. The REIT reported a same-community weighted average occupancy of 95.6%, marking a 20 basis point increase from the previous year. Additionally, Q2 same-community blended re-leasing spreads improved by 200 basis points from Q1 2025, although they remained negative at 70 basis points. Notably, July marked a turning point as same-community blended trade-outs turned positive, growing by 1.1%. The retention rate also increased by 300 basis points year-over-year to 57.4%. The company executed a strategic disposition of six stabilized properties in the Dallas MSA for $431.5 million and reinvested in two Houston apartment communities for $141 million. Operating income and expenses showed some fluctuation, with same-community revenue remaining flat at $26.6 million, and same-community NOI decreasing by 4.9% to $14.3 million due to increased operating expenses and real estate taxes. Net finance costs decreased by $1.5 million to $6 million, and the REIT declared cash distributions of $0.14 per unit, a 7.7% increase from the previous year, with an AFFO payout ratio of 73.0%. The debt-to-gross book value stood at 48.9%, with a total liquidity of $82.5 million. Looking forward, BSR REIT expressed optimism about the Texas market, focusing on new construction assets in Houston and Dallas, anticipating significant rental rate growth as supply is absorbed, and maintaining a strategic focus on enhancing value for unitholders through further acquisitions and operational improvements.

Positive Occupancy and Leasing Developments

Same-community weighted average occupancy increased by 20 basis points to 95.6% compared to Q2 last year. Retention rate increased by 300 basis points year-over-year to 57.4%, with a 50 basis point sequential improvement.

Strategic Property Dispositions and Acquisitions

Completed the sale of 6 stabilized properties in Dallas for $431.5 million and acquired two new apartment communities in Houston for $141 million. The new acquisitions are expected to offer higher growth potential.

Improved Market Conditions and Growth Prospects

Market conditions in Texas are improving with expected absorption of new rental supply by the end of 2025, positioning BSR REIT for future rental rate growth and acquisitions.

Valet Trash and Other Income Increases

Increase in other income driven by enhanced resident participation in credit building services, higher utility reimbursements, and increased properties receiving valet trash service.

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$17.02	C$16.77	-1.47%
May 07, 2025	C$18.13	C$18.20	+0.39%
Mar 05, 2025	C$18.04	C$17.59	-2.49%
Nov 07, 2024	C$17.27	C$17.32	+0.29%

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).

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What is TSE:HOM.UN EPS forecast?

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