BSR REIT Reports Q4 2026 Results with Revenue Growth Driven by New Acquisitions
BSR REIT (BSRT) reported fourth-quarter revenue of $34.5 million, a 4.3% increase year-over-year, fueled by the lease-up process of properties acquired in 2025. While total revenue rose, same-community revenue saw a slight decline of 0.6% to $26.4 million, attributed to a minor dip in average occupancy levels within existing assets. The company's FFO per unit remained flat at $0.19 as savings from centralization efforts helped offset an 8.3% increase in finance costs. Management is currently navigating challenges related to high housing supply absorption in core markets, specifically noting headwinds in the North Dallas and Northwest Houston submarkets. Despite these pressures, BSRT achieved a record resident retention rate of 60.3% and maintains $59.9 million in liquidity.
