̶ Amount represents a 7.7% increase from
previous level ̶
LITTLE
ROCK, Ark. and TORONTO, Aug. 15,
2024 /CNW/ - BSR Real Estate Investment Trust (the
"REIT") (TSX: HOM.U) (HOM.UN) today announced a cash distribution
of US$0.0467 per REIT unit for
the month of August 2024. Payment
will be made on September 16, 2024 to
unitholders of record as at August 31,
2024.
As previously announced, the amount of the August distribution
represents a 7.7% increase, resulting in an increase in the
annualized amount of the REIT's distribution from $0.52 per unit to $0.56 per unit.
About BSR Real Estate Investment Trust
BSR Real Estate
Investment Trust is an internally managed, unincorporated,
open-ended real estate investment trust established pursuant to a
declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of
multifamily garden-style residential properties located in
attractive primary markets in the Sunbelt region of the United States.
Forward-Looking Statements
This news release may
contain forward-looking statements (within the meaning of
applicable securities laws) relating to the business of the REIT.
Forward-looking statements are identified by words such as
"believe", "anticipate", "project", "expect", "intend", "plan",
"will", "may", "estimate" and other similar expressions. These
statements are based on the REIT's expectations, estimates,
forecasts and projections and include, without limitation,
statements regarding the intended monthly distributions of the
REIT. The forward-looking statements in this news release are based
on certain assumptions including, without limitation, that the REIT
will have sufficient cash to pay its distributions. They are not
guarantees of future performance and involve risks and
uncertainties that are difficult to control or predict. A number of
factors could cause actual results to differ materially from the
results discussed in the forward-looking statements, including, but
not limited to, the factors discussed under the heading "Risk
Factors" in the REIT's Q2 2024 Management's Discussion &
Analysis dated August 6, 2024 which
is available at www.sedarplus.ca. There can be no assurance that
forward-looking statements will prove to be accurate as actual
outcomes and results may differ materially from those expressed in
these forward-looking statements. Readers, therefore, should not
place undue reliance on any such forward-looking statements.
Further, these forward-looking statements are made as of the date
of this news release and, except as expressly required by
applicable law, the REIT assumes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
SOURCE BSR Real Estate Investment Trust