LITTLE ROCK, Ark. and TORONTO, July 16, 2024 /CNW/ - BSR Real Estate Investment Trust ("BSR" or the "REIT") today provided select operating highlights from the second quarter of 2024 ("Q2 2024"). Leasing Update During Q2 2024, excluding short term leases, rental rates for new leases declined 2.6%, while rates for renewals increased 3.1%, resulting in a blended increase of 0.3% over the prior leases with weighted average occupancy of 95.3% as of June 30, 2024, consistent with the prior quarter and prior year. MSA State Number of Units Effective New Lease Rate Growth for Q2 2024 Effective Renewal Lease Rate Growth for Q2 2024 Effective Blended Lease Rate Growth for Q2 2024 Austin Texas 1,936 -6.2 % 1.8 % -2.3 % Dallas Texas 3,225 -4.1 % 3.1 % -0.6 % Houston Texas 2,236 0.0 % 3.4 % 1.7 % Little Rock Arkansas 304 4.0 % 4.9 % 4.6 % Oklahoma City Oklahoma 965 6.5 % 4.6 %