Boardwalk Real Estate Investment Trust T.BEI.UN

Alternate Symbol(s): BOWFF

Boardwalk Real Estate Investment Trust (Trust) is a Canada-based open-ended real estate investment trust, which owns/operates multi-family rental communities. The Company provides homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet. Its brands include Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle which, caters to a diverse demographic. Its objectives are to provide Resident Members with quality rental communities and the best tenant/customer service, provide its holders of Trust Units with stable monthly cash distributions, and to increase the value of the Trust Units through the effective management of its residential multi-family revenue producing properties, renovations and upgrades to its current portfolio, and the acquisition and/or development of additional, accretive properties or interests therein.

TSX:BEI.UN - Post by User

Boardwalk Real Estate Investment Trust

Bullboard Posts

Comment by porksnifferon Dec 12, 2019 4:38pm

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Post# 30449623

RE:RE:Cheap REIT

avertrisk wrote: BEI is looking very interesting at this price point. It is similar in some respects to MEQ when it traded at a large discount to NAV. As we know, MEQ has done quite nicely since them and BEI could be setting up for a similar run.

So why is it down 10% in 3 days? This is such a turd of a stock. Management failed to diversify out of AB costing everyone in the process. This will trade at a discount for a long time because of it. I'm a shareholder but this is an extremely frustrating stock to hold.

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