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Posted by
Two Blokes Apr 16 -
Filed in
Stock
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BSR REIT offers a 4.6% dividend yield that's barely above long-term US Treasury yields despite a portfolio exposed to one of the highest-risk US multifamily markets. Rents in Texas are falling and are set to continue to dip due to historic oversupply and a possible population growth rate slowdown. The spread over the US 10-year Treasury yield should be larger to compensate for concentrated exposure to one of the most unattractive multifamily markets in the US.
