TSX:BEI.UN - Post by User
Comment by
WDMBellon Apr 06, 2020 12:21am
340 Views
Post# 30881859
RE:Alberta housing market heading for massive correction
RE:Alberta housing market heading for massive correctionBoardwalk has navigated the down turn before and has a program that works. They work to keep tenants in the units as it is cheaper tow work with an existing tenant then try and gain a new one.
Compared to Killam, Interrent and Canadian Apartment has declined around 50% since the pandemic and the former all around 30%. The other point is that BW is trading at half the BV as the other 3 yet according to the last annual reports it has the highest AFFO with the same occupancy rate as the other 3.
I think Boardwalk is a buy as it is trading at deep discount to the other REITs.