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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 Sep 17, 2024 1:30pm
60 Views
Post# 36227526

RE:RE:RE:RE:TD's Upgrading to ACTION LIST BUY from Buy; Q2/21 Results

RE:RE:RE:RE:TD's Upgrading to ACTION LIST BUY from Buy; Q2/21 Results
autofocus111 wrote: Total return in the last five years has been mediocre. Do you truly believe TD's story for a $59 target? I have serious doubts about it.


AUTOFOCUS111 has serious doubts about $59 target as of (8/16/2021 2:51:18 PM)

Well, today we see $100 target from Raymond James.

How about them apples?


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Globe says Boardwalk REIT rated "outperform"

2024-09-06 07:31 ET - In the News

The Globe and Mail reports in its Friday edition that Raymond James analyst Brad Sturges, citing "the positive total return performance due to a change in the interest rate environment in 3Q24," increased his unit target for Boardwalk REIT to $100 from $96. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the units at $91.20. Mr. Sturges says in a note: "Boardwalk's rating [is] adjusted to 'outperform' after strong total return performance in the past two years. Boardwalk's above-average near-term NAV/unit and 2025E AFFO/unit growth prospects now appear to be more fairly valued after significantly outperforming the broader Canadian REIT/REOC sector in 2023 and 2024 YTD, with Boardwalk trading in-line with its NAV/unit estimate of $86.50 per unit (utilizing a 5.25-per-cent average applied cap rate). That said, our new 'outperform' rating for Boardwalk reflects: 1) above-average near-term SP-NOI growth prospects driven by further market MFR rent growth in Western Canada, and its SP-NOI margin expansion potential; 2) greater non-regulated MFR market exposure (73 per cent of suites); and 3) above-average exposure to Canada's more affordable MFR markets, among other factors."

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