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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 autofocus111on Sep 22, 2021 6:52pm
118 Views
Post# 33902874

RE:RE:RE:RE: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:RE:RE:RE:RE:TD's Upgrading to ACTION LIST BUY from Buy; Q2/21 Results Rig count does not look all that impressive to me if you look at data going back to 2014. It's basically back at 2019 levels. 

https://boereport.com/caodc-rig-count/

Same goes for oil production.

https://economicdashboard.alberta.ca/OilProduction

What proportion of the rigs are simply to make up for well depletion? OIl producers need prices to stay high for at least another year to pay down debt before they embark on any significant expansion projects. At least TMX and L3R will add takeaway capacity in the near future. Let's see if production ramps to fill it.

Unemployment rate recovery looks decent. Basically back down to pre-CV19 levels

https://economicdashboard.alberta.ca/unemployment

AB net migration has been very weak since 2014. Still not even back to pre-covid levels.
https://economicdashboard.alberta.ca/NetMigration

I am cautiously optimistic. 
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