Boardwalk is a REIT that owns and operates residential buildings in the Canadian provinces of Alberta, Saskatchewan, Ontario and Quebec. No, that’s not a typo. Boardwalk REIT ("Boardwalk", "the Trust", "We") as part of the Trust's commitment to providing regular updates through the COVID pandemic, provided a brief update highlighting stabilized portfolio occupancy, rental revenue collection rate and occupied rents available to date as we continue to focus on our essential service of providing safe homes to Boardwalk's Resident Members through … New additions include RioCan, Chartwell, Automotive Properties, Boardwalk and Dream Industrial. Access detailed information about the Boardwalk REIT (BEI_u) Share including Price, Charts, Technical Analysis, Historical data, Boardwalk REIT Reports and more. The Trust owns over 200 communities’ ties containing approximately 33,000 residential units within the Provinces of Alberta, … The company’s portfolio is concentrated in the provinces of Alberta, British Columbia, Saskatchewan, Ontario and … Boardwalk intends to strategically partner, acquire and/or develop 10,000 to 15,000 apartment units Shares currently trade at $26 each, which is approximately 40% of book value, which translates into an implied value of just over $77,000 per apartment. Just Released! Boardwalk Real Estate Investment Trust ("Boardwalk", the "REIT" or the "Trust") today announced its financial results for the third quarter and first nine months of 2019. For a 3 asset class portfolio, I would venture to say that the appropriate allocation would be 40 to 50% stocks, 20 to 30% REITs and 30% bonds. Tammy Magny McDowellMagnybu-valuation-advisory canada, Carey PoonPoonbu-valuation-advisory canada, Charles-André LatourLatourbu-valuation-advisory portfolio-valuationmarket-research-economic-advisorymarket-feasibility-studiesfinancial-due-diligencecanada. Sam Kolias ; Chairman and Chief Executive Officer of Boardwalk REIT commented: "We are reporting our second quarter results today as our markets across Canada continue to move through various stages of economic relaunch. Alternate Symbol (s): BOWFF. Boardwalk Real Estate Investment Trust (BEI.UN-T) is forging ahead with a new plan to grow its overall portfolio in strategic locations, providing it with more geographic diversification. This portfolio involves a large number of multi-residential properties primarily located in Alberta and is one of the largest residential holdings in Western Canada. CT REIT 4.6% 9. Don't miss out! Oct 05, 2020. It owns over 200 buildings with 33,000 apartments. This should also bode well for the security of the payout, a yield that currently checks in around 4%. Boardwalk REIT sells 641-unit apartment portfolio for $71.65m Posted in Appraisal , Communications , Housing , Industry Trends , Newsworthy Boardwalk Real Estate Investment Trust announced on Wednesday the sale of a 641-unit apartment portfolio in Regina, Saskatchewan to Mainstreet Equity. Boardwalk Real Estate Investment Trust, one of the country's landlords with more than 34,000 residential units, is exiting the Windsor, Ont. Boardwalk REIT owns more than 32,000 apartments across Canada, although about 60% of its portfolio is located in Alberta. This valuation confirms it. Boardwalk Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust (REIT). Boardwalk Real Estate Investment Trust ("Boardwalk", the "REIT" or the "Trust") today announced its financial results for the second quarter of 2020. for-phone-only for-tablet-portrait-up for-tablet-landscape-up for-desktop-up for-wide-desktop-up Boardwalk REIT is Canada’s largest owner/operator of multifamily rental communities. Unit. Potential renters must be vetted and existing ones need to be managed, especially if their life situation changes. Although the company does have assets in Saskatchewan, Ontario, and Quebec, the bulk of its property is located in Alberta. Boardwalk REIT agrees to sell a 641-unit apartment portfolio in Regina, Saskatchewan to Mainstreet Equity Corporation. The Company is focused on the acquisition, refurbishment, management, ownership and development of multi-family resident ial communities within Canada. Granite REIT 4.7% 7. © 2020 The Motley Fool Canada, ULC. Yes, you can goose your total return by using debt, but that adds a layer or risk. Boardwalk Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust (REIT). Boardwalk went public on the Alberta Stock Exchange in 1994 and officially transitioned into a REIT in 2004. It has managed to post year-over-year increases in funds from operations (FFO) each quarter for the last seven quarters, although that streak will come to an end as COVID-19’s impact on the economy affects the company’s ability to collect rent. As one of Canada’s largest REIT, Choice Properties owns and manages over 750 properties spanning approximately 66.8 million square feet of GLA across Canada. Cominar REIT 4.9% 3. By submitting this form, you are providing us with consent to communicate with you for the purposes of responding to your request. Conozca la cuenta de ingresos de la empresa, su beneficio bruto, ingresos netos, etc. Boardwalk REIT – New Addition to my Retirement Portfolio. Real Estate REIT - Diversified. Boardwalk REIT ("Boardwalk", "the Trust", "We") as part of the Trust's commitment to providing regular updates through the COVID pandemic, provided a brief update highlighting stabilized portfolio occupancy, rental revenue collection rate and occupied rents available to date as we continue to focus on our essential service of providing safe homes to Boardwalk's Resident Members through … TFSA Picks: 3 Defensive Dividend Stocks for New Investors. We believe the Boardwalk community is built on love. Half of the names in our top-10 by total return changed with the target price changes made in this document. Get an accurate and independent understanding of the value of your commercial property or nationwide portfolio. Boardwalk REIT is a Canadian apartment trust that owns and operates more than 33,000 residential units that make up over 28 million in rentable square feet. © Copyright 2020 Altus Group Limited and/or its affiliates. InterRent REIT 4.6% 10. Some 25-40% of its tenants could easily request temporarily rent relief. Brothers Sam and Van Kolias own approximately 25% of the company, and both have key roles. Highlights for three and twelve-month periods ended December 31, 2018: Revenue recovery leading to solid NOI growth 2018 Same Property Rental Revenue increased 3.9% 2018 Same Property NOI increased... | February 21, 2019 This site uses cookies to improve your user experience. "Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Dream Office REIT 4.8% 5. Boardwalk REIT (TSX:BEI.UN) is one of the largest real estate investment trusts (REITs) in the country with nearly 33,000 apartments in its portfolio. Aphria-Tilray Merger: Is the Cannabis Trade About to Heat Up Again? BRIEF-Boardwalk REIT Reports FFO Per Share C$2.14 Excluding Items For Nine Months Ended Sept 30 By Reuters - Nov 12, 2020. Read More. I doubt it could do so at $150,000 per unit. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. Find the latest BOARDWALK REAL ESTATE INVESTMEN (BOWFF) stock quote, history, news and other vital information to help you with your stock trading and investing. Around 70% of their units are located in Alberta and Saskatchewan, so the decline in oil prices has negatively affected their performance in recent years. Other major rental companies including Northview Apartment REIT, Greenwin Corp., MetCap Living, and Boardwalk REIT have also issued notices to tenants, asking them to reach out if they are in financial distress and have committed to various degrees of support. Tenants are always breaking stuff, and preventative maintenance is a must. Boardwalk Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust (REIT). "Right now, our message to our communities is that Greenwin is still here for them. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Access our live streaming chart for the Boardwalk REIT stock, free of charge. Boardwalk REIT Reports Resilient Results with Third Quarter Fund from Operations per unit Growth of 5.7%. Boardwalk strives to provide quality apartments for rent and exceptional service. Despite doing an admirable job leading the company over the years, neither Kolias brother takes a salary. The best part? Grounded on Some of the Most Affordable Rents in Canada, Boardwalk REIT Reports Resilient Results With Third Quarter Funds From Operations per Unit Growth of 5.7% SUMMARY HIGHLIGHTS FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2020 * RESILIENT PERFORMANCE FOR THE THREE MONTH PERIOD ENDED SEPTEMBER 30, 2020 * Funds From Operations (FFO) … You are here Home PRN News Releases Boardwalk REIT agrees to sell a 641-unit apartment portfolio in Regina, Saskatchewan to Mainstreet Equity Corporation PRN News Releases Boardwalk REIT agrees to sell a 641-unit apartment portfolio in Regina, Saskatchewan to Mainstreet Equity Corporation Boardwalk REIT has 20,499 units in Alberta, with a hair over 12,000 located in Edmonton. This is your chance to get in early on what could prove to be very special investment advice. Here’s the logic behind that statement. The surviving incumbents are H&R, Sienna, Cominar, CAP REIT and Tricon, most of which have a “value” skew. 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