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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

Comment by malx1on Sep 02, 2021 12:25pm
111 Views
Post# 33801027

RE:RE:RE:RE:RE:RE:RE:RE:TD's Upgrading to ACTION LIST BUY from Buy; Q2/21 Results

RE:RE:RE:RE:RE:RE:RE:RE:TD's Upgrading to ACTION LIST BUY from Buy; Q2/21 Results
WDMBell wrote: What is the difference between MEQ and BEI?  Personally I feel BEI has more going for it than MEQ, however MEQ has risen far past pre-pandemic levels as have all other aparment REITs.  Given this BEI is either way undervalued or MEQ is far over valued.


MEQ is trading at about 20x FFO of 2021.  Fully valued but could run to $120 based on expected performance.

BEI is undervalued because of its concentrated exposure to Alberta.  While the unicorn farming crowd are afraid of Alberta, I'd say it's the reason to buy BEI.  Energy sector recovery underway.  Oil will be $80+ as long as world doesn't tank into deep recession.  Alberta is the supplier of clean and ethical energy for US and Canada, soon to be shipping to LNG to Asia.

I'd take BEI over MEQ as a value seeker.

People afraid of commodity exposure will go with the diversified big names rather than BEI.  Said it a few months ago, the portfolio managers will pile back into BEI when they realize that oil and gas are in short supply and Alberta's economy is long into a 5yr+ recovery.

See ya'll at $60
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