PR Newswire
LITTLE ROCK, Ark. and TORONTO, June 3, 2025 /CNW/ - BSR Real Estate Investment Trust ("BSR" and "the REIT") (TSX: HOM.U) (TSX: HOM.UN) has provided a leasing update in advance of its participation in Nareit's REITweek 2025 Investor Conference. BSR has also published an updated investor presentation to its website.
As of May 31, 2025, BSR's Same Community (defined below) weighted average occupancy was 95.7%. Excluding short term leases, during Q2 2025 to-date, Same Community rental rates for new leases and renewals decreased 4.5% and increased 1.7%, respectively, for a blended decrease of 0.9%. Excluding short term leases, for May 2025 Same Community rental rates for new leases and renewals decreased 3.7% and increased 2.1%, respectively, for a blended decrease of 0.3%. This performance is consistent with the REIT's stated view that the unprecedented levels of new supply are being effectively absorbed, which will lead to continued improvement in leasing spreads.
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