Boardwalk Real Estate Investment Trust T.BEI.UN

There it is again

[autofocus111]

A new pre-earnings update with the same statement about strategic moderation of rent increases. Why would you want to do that, even as your costs rise due to inflation and higher lending rates? The only conclusion I can arrive at is that if they try for higher increases, renters will not sign up for it, despite the tight market Do renters see better value/quality at competitors?

>>>Our team remains committed to retaining the relative affordability of our communities through our strategic moderation of both renewals and new leases in our non-price controlled markets, where occupied rents remain below inflation-adjusted levels since 2014.