# BSR Real Estate Investment Trust (HOM-U.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price $10.76, market value $418 million.

## Valuation
- **P/E (trailing): 18.2×** (5-yr avg 1.7×). BSR Real Estate Investment Trust trades at 18.2× trailing earnings, well above its own five-year average of 1.7×: investors are paying up relative to the company's past. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 15.2×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.0×**. Each dollar of revenue is priced at 3.0×.
- **Price / book: 0.6×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 16.9×**. Enterprise value is 16.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.6%** (5-yr avg 17.3%). Free cash flow equals 6.6% of the market value, below its five-year average of 17.3%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 5.5%**. The inverse of the P/E: 5.5% of the price is earned each year.

## Profitability
- **Gross margin: 50.6%**. BSR Real Estate Investment Trust keeps 50.6% of revenue after the direct cost of what it sells.
- **Operating margin: 0.8%**. 0.8% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: -43.5%**. The company reported a net loss over the last twelve months.
- **Return on equity: -11.0%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 0.1%**. Return on all capital, debt included, is 0.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.3%**. Each dollar of assets produces 1.3% of profit.

## Growth
- **Revenue growth (1 yr): -13.0%** (3-yr -2.5%/yr, 5-yr 5.3%/yr). Revenue fell 13.0% over the last year, against 5.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -54.2%**. Earnings per share fell 54.2%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -32.3%/yr**. Free cash flow has compounded at -32.3% a year over three years.

## Financial health
- **Debt to equity: 1.24**. Debt is 1.24 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: 10.7×**. It would take 10.7 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 0.17** (quick 0.17). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 0.88**. A Z-score of 0.88 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.21%** ($0.56 per share, trailing). BSR Real Estate Investment Trust yields 5.21%, an income-level yield.
- **Consecutive years of increases: 8**. 8 straight years of increases.
- **Dividend growth (5 yr): 2.3%/yr** (1-yr 5.2%). The dividend has grown 2.3% a year over five years.

## Analyst view
- **Analyst consensus: buy** (9 analysts). 9 analysts cover BSR Real Estate Investment Trust; the consensus is buy, with an average price target of $13.03 (+21% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -10.5%** (YTD -12.2%, 3-mo -8.5%). The shares are down 10.5% over twelve months including dividends.
- **From 52-week high: -20.8%** (2.5% above the low). Trading 21% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 31**. An RSI of 31 is neutral.
- **Beta (1 yr): 0.33** (volatility 28%). Beta of 0.33 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HOM-U.TO · Page: https://foliofundamentals.com/stocks/hom-u.to

Not investment advice.