Boardwalk Real Estate Investment Trust T.BEI.UN

Alternate Symbol(s): BOWFF

Real Estate REIT - Residential

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.

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Boardwalk Real Estate Investment Trust > Expect modest dividend hike in 2023

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Post by malx1on Nov 12, 2022 2:24pm

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Post# 35093863

Expect modest dividend hike in 2023

From $0.09/mo to $0.10/mo

Can sustain a 33% payout ratio after baking in the above increase and modest FFO increase next year.

Alberta continues to be strongest provincial economy as rest of country suffers from hyperinflation locked in by mortgage debt indigestion.

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