BSR REIT appoints KPMG U.S. as its new auditor
KPMG U.S. is to serve through the close of BSR Real Estate Investment Trust’s next annual meeting of unitholders.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
6-K
Rhea-AI Filing Summary
BSR Real Estate Investment Trust (BSRT) appointed KPMG LLP (U.S.) as its auditor effective October 7, 2026, after KPMG LLP (Canada) resigned at the REIT’s request. KPMG U.S. is to serve until the close of the next annual meeting of unitholders. The REIT’s audit committee and board of trustees approved both the resignation and appointment.
The REIT stated that KPMG Canada’s reports on financial statements covering its time as auditor expressed no modified opinion, and that there had been no “reportable events” as defined in National Instrument 51-102. KPMG Canada agreed with the statements in the notice; KPMG U.S. agreed with statements 2 and 3 insofar as they pertained to it and said it could not agree or disagree with the other specified statements.
Key Terms
modified opinion, reportable events, Continuous Disclosure Obligations
3 terms
modified opinion regulatory
"No modified opinion was expressed in KPMG Canada’s report"
reportable events regulatory
"There have been no “reportable events”"
Reportable events are significant incidents or changes a company is legally required to disclose to regulators and the public, such as major safety problems, legal actions, financial irregularities, or management changes. They matter to investors because these events can alter a company’s risk profile or future performance, much like a dashboard warning light signals a problem that could affect a car’s safety or reliability. Timely disclosure helps investors make informed decisions and maintain market fairness.
Continuous Disclosure Obligations regulatory
"National Instrument 51-102 – Continuous Disclosure Obligations"
A legal duty for publicly traded companies to quickly share any material information about their business, finances, operations, or risks with the market so all investors have the same facts at the same time. It matters because timely, equal access to key news helps prices reflect true value, reduces the chance of sudden surprises, and protects investors from unfair advantage—like keeping a public scoreboard updated so everyone sees the current score.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who is BSRT's new auditor, and how long is the appointment?
BSR Real Estate Investment Trust appointed KPMG LLP (U.S.) on October 7, 2026, to serve until the close of the next annual meeting of unitholders.
Did BSRT's former auditor report a modified opinion or reportable events?
KPMG Canada’s reports on the REIT’s financial statements relating to its time as auditor expressed no modified opinion, and the REIT stated there had been no “reportable events” as defined in National Instrument 51-102.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2026
Commission File Number: 001-43491
BSR REAL ESTATE INVESTMENT TRUST
(Name of Registrant)
(Name of Registrant)
333 Bay Street, Suite 3400
Toronto, Ontario
Toronto, Ontario
M5H 2S7
(501) 374-5050
(Address of Principal Executive Office)
(501) 374-5050
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
FORM 6-K EXHIBIT INDEX
Exhibit No. | Description | ||||
99.1 | Notice of Change of Auditor | ||||
| 99.2 | Former Auditor Response Letter | ||||
| 99.3 | Successor Auditor Response Letter | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BSR REAL ESTATE INVESTMENT TRUST | |||||||||||
Date: October 16, 2026 | By: | /s/ Thomas M. Cirbus | |||||||||
Name: | Thomas M. Cirbus | ||||||||||
Title: | Chief Financial Officer and Corporate Secretary | ||||||||||
NOTICE OF CHANGE OF AUDITOR
TO: KPMG LLP (Canada), Chartered Professional Accountants (“KPMG Canada”)
AND TO: KPMG LLP (U.S.), Chartered Professional Accountants (“KPMG U.S.”)
AND TO: Ontario Securities Commission
British Columbia Securities Commission
Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan
Manitoba Securities Commission
Autorité des marchés financiers
Financial and Consumer Services Commission, New Brunswick
Nova Scotia Securities Commission
Financial and Consumer Services Division, Prince Edward Island
Office of the Superintendent of Securities Service, Newfoundland and
Labrador
Office of the Superintendent of Securities, Northwest Territories
Office of the Yukon Superintendent of Securities
Office of the Superintendent of Securities Nunavut
RE: Notice Regarding Change of Auditor pursuant to Section 4.11 of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”)
DATE: October 8, 2026
BSR Real Estate Investment Trust (the “REIT”) hereby gives notice pursuant to Section 4.11 of NI 51-102 as follows:
1.At the request of the REIT, KPMG Canada has resigned as the REIT’s auditor effective as of October 7, 2026 (the “Resignation Date”).
2.On the Resignation Date, the REIT appointed KPMG U.S. to fill the vacancy created by the resignation of KPMG Canada, and to hold such position until the close of the next annual meeting of unitholders of the REIT.
3.The resignation of KPMG Canada as auditor of the REIT and the appointment of KPMG U.S. as auditor of the REIT were considered and approved by the REIT’s audit committee and board of trustees.
4.No modified opinion was expressed in KPMG Canada’s report on any of the financial statements of the REIT relating to the period during which KPMG Canada was the REIT’s auditor.
5.There have been no “reportable events”, as such term is defined in NI 51-102
[Signature page follows.]
DATED as of the date first written above.
BSR REAL ESTATE INVESTMENT TRUST | |||||||||||
Per: | “Thomas Cirbus” | ||||||||||
Name: Thomas Cirbus | |||||||||||
Title: Chief Financial Officer | |||||||||||
KPMG LLP
Bay Adelaide Centre
333 Bay Street, Suite 4600 Toronto, ON M5H 2S5 Canada
Tel 416-777-8500
Fax 416-777-8818
To Ontario Securities Commission
British Columbia Securities Commission Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission
Autorité des marchés financiers
Financial and Consumer Services Commission, New Brunswick Nova Scotia Securities Commission
Financial and Consumer Services Division, Prince Edward Island
Office of the Superintendent of Securities Service, Newfoundland and Labrador Office of the Superintendent of Securities, Northwest Territories
Office of the Yukon Superintendent of Securities Office of the Superintendent of Securities Nunavut
Via Email to auditor.notice@acvm-csa.ca
October 15, 2026
To Whom it May Concern:
Re: Notice of Change of Auditors of BSR Real Estate Investment Trust
We have read the Notice submitted to KPMG LLP by BSR Real Estate Investment Trust dated October 8, 2026 and are in agreement with the statements contained in the Notice.
Yours very truly,
Chartered Professional Accountants, Licensed Public Accountants
Toronto, Canada
October 15, 2026
© 2026 KPMG LLP, an Ontario limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. | ||
KPMG LLP
Suite 1400
2323 Ross Avenue
Dallas, TX 75201-2721
October 15, 2026
To: Ontario Securities Commission
British Columbia Securities Commission Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission
Autorité des marchés financiers
Financial and Consumer Services Commission, New Brunswick Nova Scotia Securities Commission
Financial and Consumer Services Division, Prince Edward Island
Office of the Superintendent of Securities Service, Newfoundland and Labrador Office of the Superintendent of Securities, Northwest Territories
Office of the Yukon Superintendent of Securities Office of the Superintendent of Securities Nunavut
Re: Notice Regarding Change of Auditor of BSR Real Estate Investment Trust
Pursuant to Section 4.11 of National Instrument 51-102 – Continuous Disclosure Obligations, we have read the Notice Regarding Change of Auditor submitted to KPMG LLP (U.S.) by BSR Real Estate Investment Trust dated October 8, 2026 (the “Notice”), and are in agreement with statements 2 and 3 of the Notice pertaining to KPMG LLP (U.S.). We are not in a position to agree or disagree with statements 1, 4, 5 and those not pertaining to KPMG LLP (U.S.) in statement 3 of the Notice.
Very truly yours,
KPMG LLP, a Delaware limited liability partnership, and its subsidiaries are part of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. | ||