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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 TimeTooSoaron Sep 28, 2023 5:12pm
83 Views
Post# 35660383

Acquirer

Acquirer Seeing Boardwalk has held up the best in the reit space. They should be looking to acquire a beat up name such as MRG.un Morguard North American Residential. 
The best way to pay for the acquisition would be with an equity offering.
The synergies would be phenomenal. Mrg.un is severally undervalued and are making it easier for them to be acquired by buyback their stock, Has low debt, low payout ratio. 
This would put boardwalk onto another level. 
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