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BSR REIT ANNOUNCES THIRD QUARTER 2024 FINANCIAL RESULTS AND EARLY REDEMPTION OF $41.8 MILLION 5.0% CONVERTIBLE DEBENTURES

Newswire.ca - Thu Nov 7, 4:00PM CST

LITTLE ROCK, AR and TORONTO, Nov. 7, 2024 /CNW/ - BSR Real Estate Investment Trust ("BSR", or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced its financial results for the three and nine months ended September 30, 2024 ("Q3 2024" and "YTD 2024", respectively). All comparisons are to the corresponding periods in the prior year. Results are presented in U.S. dollars. References to "Same Community" correspond to stabilized properties the REIT has owned for equivalent periods throughout Q3 2024 and YTD 2024 and the three and nine months ended September 30, 2023 ("Q3 2023" and "YTD 2023", respectively). With the exception of the investment property under development, all properties are considered Same Community as of September 30, 2024. Condensed Consolidated Interim Financial Statements and Management's Discussion and Analysis as of and for the three and nine months ended September 30, 2024 are available on the REIT's website at www.bsrreit.com and at www.sedarplus.ca.

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