BOWFF
Boardwalk Real Estate Investment Trust·Real Estate
46.73
0.177%(−0.08)
Close PriceLast Updated: — ET
52W L: $43.3352W H: $54.08
BOWFF NEWS
prnewswire.com
May 20
BOARDWALK REIT RELEASES 2025 ESG REPORT
CALGARY, AB, May 20, 2026 /PRNewswire/ - Boardwalk Real Estate Investment Trust (TSX: BEI.UN) Boardwalk REIT ("Boardwalk", "the Trust", "We") announced today that it issued its seventh annual Environmental, Social and Governance (ESG) Report, outlining its 2025 initiatives and achievements. Highlights of Boardwalk's 2025 ESG Report include: Achieved a 20% reduction in GHG emissions, 14% reduction in energy usage and 7.6% reduction in water use intensity since 2019.
prnewswire.com
May 5
BOARDWALK REIT REPORTS STRONG RESULTS FOR Q1 2026
CALGARY, AB, May 5, 2026 /PRNewswire/ - Boardwalk Real Estate Investment Trust (TSX: BEI.UN) SUMMARY HIGHLIGHTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2026 STRONG FINANCIAL PERFORMANCE Funds From Operations ("FFO") of $1.15 per Unit(1)(2); an increase of 8.5% from Q1 2025 Net Operating Income ("NOI") of $106.2 million; an increase of 10.0% from Q1 2025 Same Property(3) Net Operating Income ("Same Property NOI") of $101.4 million; an increase of 6.8% from Q1 2025 Operating Margin of 64.8%; an increase of 280 basis points ("bps") from Q1 2025 Q1 2026 same property rental revenue growth of 2.8% from a year ago Occupancy of 97.3% in Q1 2026 AFFORDABLE REGIONS AND COMMUNITIES REMAIN IN FAVOUR Demand remains highest at affordable price points Rents in Edmonton, the Trust's largest market, remain some of the most affordable amongst major cities in Canada Affordability, economic outperformance and lifestyle continue to support the Alberta Advantage The Trust has cumulatively re-invested in common area improvements representing approximately 68% of its portfolio since 2017, improving portfolio quality and resilience across market conditions UPDATE TO 2026 FINANCIAL GUIDANCE Revised FFO range of $4.60 to $4.80 per Unit(1)(2) Same Property NOI growth range of +1.0% to +3.5% Increased asset sale target of $400 to $500 million Revision to guidance incorporates:- Increased property tax expectations from higher provincial education levy in Alberta and higher assessed values in the Trust's Western markets- Prioritization of high occupancy and retention STRATEGIC CAPITAL ALLOCATION Completed previously announced sales of eight non-core communities in Edmonton, Alberta and Montreal (Longueuil and Brossard) and Québec City, Québec totaling 989 suites for gross proceeds of $189.0 million (approximately $96.7 million net of existing mortgages) Subsequently to quarter end, finalized the sale of five additional communities totaling 563 suites in Edmonton, Alberta and Regina and Saskatoon, Saskatchewan for gross proceeds of $117.0 million (approximately $62.0 million net of existing mortgages) Year-to-date through April, the Trust has invested $102.3 million into the repurchase and cancellation of 1,551,400 Trust Units at a weighted average price of $65.92 Management continues to prioritize unit repurchases at current unit price level Strategic higher cash positioning for opportunistic deployment EXCEPTIONAL VALUE At current unit price of approximately $66, Boardwalk's implied value is approximately $199,000 per suite, equating to an attractive 6.3% cap rate on trailing NOI, with positive growth for 2026 STRONG AND FLEXIBLE BALANCE SHEET Approximately $434.9 million of total available liquidity at the end of the quarter 96% of Boardwalk's mortgages carry CMHC-insurance Unitholders' Equity of $4.8 billion Fair value capitalization rate of 5.26%, an increase of 7 bps from Q4 2025 Net Asset Value decrease to $95.93 per Unit(1)(2), primarily attributable to a decrease in investment properties Debt to EBITDA(1) of 9.73x, compared to 9.99x for the year ended December 31, 2025 Debt to Total Assets(1) of 43.2%, compared to 42.3% as at December 31, 2025 Debt increased marginally during the quarter, as a result of timing of some of the Trust's CMHC refinancings and to provide the Trust additional flexibility throughout the year to capitalize on opportunities REGULAR DISTRIBUTION OF $1.80 PER TRUST UNIT ON AN ANNUALIZED BASIS CONFIRMED FOR THE MONTHS OF JUNE, JULY, AND AUGUST 2026 (1) Please refer to the section titled "Presentation of Non-GAAP Measures" in this news release for more information. (2) Boardwalk REIT's units (the "Trust Units") trade on the Toronto Stock Exchange ("TSX") under the trading symbol 'BEI.UN'.
prnewswire.com
May 5
BOARDWALK REIT ANNOUNCES VOTING RESULTS FROM 2026 ANNUAL MEETING OF UNITHOLDERS
CALGARY, AB, May 5, 2026 /PRNewswire/ - Boardwalk Real Estate Investment Trust (TSX: BEI.UN) (the "Trust" or "Boardwalk REIT") announced today the results of matters voted on at its annual and special meeting of unitholders held on May 4, 2026 (the "Meeting"), which included the election of all the trustee nominees listed in the Trust's management information circular dated March 20, 2026. The voting results for each of the matters considered at the Meeting are presented below.
prnewswire.com
Apr 7
BOARDWALK REIT PROVIDES OPERATIONAL AND CAPITAL ALLOCATION UPDATE AND ANNOUNCES TIMING OF FIRST QUARTER RESULTS
CALGARY, AB, April 7, 2026 /PRNewswire/ - Boardwalk Real Estate Investment Trust - (TSX: BEI.UN) Boardwalk REIT ("Boardwalk", "the Trust", "We", "Our") is providing an update highlighting its recent leasing performance and capital allocation initiatives. Sam Kolias, Chairman and Chief Executive Officer commented: "As we enter our spring leasing season with occupancy above 97%, our team remains focused on providing the best service, quality and experience to our Resident Family Members.
defenseworld.net
Mar 16
UMH Properties (NYSE:UMH) & Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Head to Head Comparison
Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) and UMH Properties (NYSE: UMH - Get Free Report) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their risk, earnings, analyst recommendations, institutional ownership, profitability, dividends and valuation. Analyst Recommendations This is a
defenseworld.net
Mar 1
Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Shares Gap Down – What’s Next?
Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) shares gapped down before the market opened on Friday. The stock had previously closed at $48.27, but opened at $45.18. Boardwalk Real Estate Investment Trust shares last traded at $48.59, with a volume of 1,800 shares. Boardwalk Real Estate Investment Trust Price Performance The
