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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 Nov 18, 2021 4:07pm
91 Views
Post# 34142693

RE:RE:Moving to MRG.un

RE:RE:Moving to MRG.un
autofocus111 wrote: @avertrisk BEI trades well below NAV. Per the Q3 earnings report

  • Net Asset Value (NAV) increase to $64.29 per Trust Unit, equating to approximately $185,000 per door.



auto, it's nice to see that you've held your shares and joined us NAV builders.  Management has focused affo surplus on upgrades just before Alberta economy shows signs of strong recovery.  Seems their strategy is paying off nicely.  Share price performace here has been stronger than peers who focused on big yields. 

TD will have a $70 target on this soon.  The fund managers are kicking themselves for not buying at $50.  NCIB looks good to the $60 mark.  BEI going to support the bid as funds become available. 

Never thought I'd see a triple out of this REIT but now the stars align...

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