BSR Real Estate Investment Trust Announces Initial Cash Distribution

BSR Real Estate Investment Trust Announces Initial Cash Distribution

LITTLE ROCK, AR and TORONTO, June 22, 2018 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) announced today that its initial cash distribution following the initial public offering of trust units of the REIT ("Units") will be in the amount of US$0.0591 per Unit. The initial distribution will be for the period from May 18, 2018 (the closing date of the initial public offering) to June 30, 2018, to be paid on or about July 16, 2018, to holders of Units of record as of the close of business on June 29, 2018. The REIT currently intends to make subsequent monthly distributions in the estimated amount of US$0.0417 per Unit commencing on or about August 15, 2018, representing US$0.50 per Unit on an annual basis.

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 48 multifamily garden-style residential properties consisting of 9,879 apartment units located across five bordering states 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 prospectus dated May 11, 2018 which is available at www.sedar.com. 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