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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

Post by Betteryear2on Nov 12, 2021 5:48am
168 Views
Post# 34118302

Q3 REGULAR MONTHLY DISTRIBUTION ANNOUNCEMENT

Q3 REGULAR MONTHLY DISTRIBUTION ANNOUNCEMENT

The Trust has confirmed its regular monthly distribution for the months of November 2021December 2021, and January 2022 as follows:

Month

 

Per Unit

 

Annualized

 

Record Date

Distribution Date

Nov-21

 

$

0.0834

 

$

1.00

 

30-Nov-21

15-Dec-21

Dec-21

 

$

0.0834

 

$

1.00

 

31-Dec-21

17-Jan-22

Jan-22

 

$

0.0834

 

$

1.00

 

31-Jan-22

15-Feb-22

In-line with Boardwalk's distribution policy of maximum re-investment, the Trust's payout ratio remains conservative at 31.5% of Q3 2021 FFO; and 34.2% of FFO for the first nine months of 2021. 

Boardwalk's regular monthly distribution provides a stable and attractive yield for the Trust's unitholders. 

 
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