Q1 Income Down 9%, But BSR REIT Expects Growth This Year
Send BSR Real Estate Investment Trust of Little Rock this week reported first-quarter total portfolio net operating income of $13.4 million and total portfolio revenue of $25.8 million, down 9% and 6.4% year-over-year, respectively. Net operating income is a measure of performance used by real estate operating companies and REITs. The company is publicly traded on the Toronto Stock Exchange (TSX HOM.U). "With the focus of our capital recycling program now primarily oriented to the deployment of our $287 million in acquisition capacity, the REIT is positioned to signif...