Boardwalk Real Estate Investment Trust T.BEI.UN

RE:RE:RE:Moving to MRG.un

[malx1]

malx1 wrote:

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...

TD issued $70 price target January 5th.  Good call, malx! 

"The non-cash special distribution will be paid at the close of business on Dec. 31, 2021, by the issuance of additional trust units that will have a fair market value equal to the dollar amount of the special distribution and which will be based on the closing price of the trust units on the Toronto Stock Exchange on Dec. 31, 2021. Immediately after the payment of the special distribution, the issued and outstanding trust units will be consolidated such that the aggregate number of issued and outstanding trust units immediately after the special distribution will be the same as immediately before the special distribution. The amount of the special distribution will increase the adjusted cost base of unitholders' consolidated trust units. Unitholders that are not a resident in Canada for Canadian federal income tax purposes may be subject to applicable withholding taxes in connection with the payment of the special distribution."