Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust

BEI-UN · TO · Real Estate / REIT - Residential

59.10CAD+0.17 (+0.29%)

Price History

Full chart

Market Stats

Previous Close58.93
Open59.00
Day Range58.82 – 59.98
52-Week Range58.09 – 68.76
Volume123.71K
Market Cap3.30B
P/E (TTM)0.00
Forward P/E13.19
EPS-0.85
Dividend Yield2.97%
Beta0.82
50-Day Avg63.53
200-Day Avg65.21

About

Boardwalk Real Estate Investment Trust strives to be Canada's friendliest community provider and the first choice in multi-family communities to work, invest, and call home with our Boardwalk Family Forever. Providing homes in more than 200 communities, with approximately 34,000 residential suites totaling 30 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives. Our three-tiered and distinct brands: Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle cater to a large diverse demographic and have evolved to capture the life cycle of all Resident Family Members. Boardwalk's disciplined approach to capital allocation, acquisition, development, purposeful re-positioning, and management of apartment communities allows the Trust to provide its brand of community across Canada creating exceptional Resident Family Member experiences. Differentiated by its peak performance culture, Boardwalk is committed to delivering exceptional service, product quality and experience to our Resident Family Members who reward us with high retention and market leading operating results, which in turn, lead to higher free cash flow and investment returns, stable monthly distributions, and value creation for all our stakeholders. Boardwalk Real Estate Investment Trust was incorporated in 1983 in Alberta, Canada.

Company Details

  • SectorReal Estate
  • IndustryREIT - Residential
  • CEOMr. Sam Kolias
  • Employees1.59K
  • HeadquartersFirst West Professional Building, Calgary, AB, Canada, T2R 0W1, Canada
  • Websitehttps://www.boardwalkreit.com

Leadership

  • Mr. Sam KoliasChairman & CEO · b. 1962
  • Mr. James HaPresident & Director · b. 1985
  • Mr. Gregg TinlingChief Financial Officer
  • Ms. Samantha A. Kolias-GunnSenior VP of Corporate Development and Governance & Non-Independent Trustee · b. 1988
  • Mr. Jeffrey KlausVice President of Asset Management & Development
  • Mr. Andrew ChristopherVice President of Operations
  • Ms. Samantha AdamsSenior Vice President of Investments · b. 1972
  • Sheila OdieSenior Director of Sustainability & Operational Accounting
  • Mr. Bhavnesh JaraimChief Information Officer & VP of Technology
  • Mr. John Eric Bowers C.F.A.Vice President of Finance & Investor Relations

Financials

Income Statement

Currency: CAD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue8.00M32.80M51.10M108.20M186.00M218.00M147.08M227.27M249.39M270.99M282.51M297.48M319.44M375.01M423.96M427.69M416.11M422.73M439.90M462.02M473.25M476.15M438.85M422.93M434.62M455.31M465.57M470.53M496.36M545.66M603.29M638.64M
Growth (%)-+310.00%+55.79%+111.74%+71.90%+17.20%-32.53%+54.52%+9.74%+8.66%+4.25%+5.30%+7.38%+17.40%+13.05%+0.88%-2.71%+1.59%+4.06%+5.03%+2.43%+0.61%-7.83%-3.63%+2.76%+4.76%+2.25%+1.07%+5.49%+9.93%+10.56%+5.86%
Cost of Revenue--------------157.91M151.62M152.94M160.07M163.84M171.99M180.84M181.45M185.75M206.84M208.58M196.52M196.43M196.19M207.70M212.67M220.96M241.83M
Gross Profit8.00M32.80M51.10M108.20M186.00M218.00M147.08M227.27M249.39M270.99M282.51M297.48M319.44M375.01M266.05M276.07M263.17M262.66M276.06M290.04M292.40M294.70M253.10M216.08M226.03M258.79M269.14M274.34M278.98M332.99M382.33M396.81M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%62.75%64.55%63.24%62.13%62.76%62.78%61.79%61.89%57.67%51.09%52.01%56.84%57.81%58.30%56.20%61.03%63.37%62.13%
Operating Expense4.00M-22.30M-29.00M-59.80M-101.60M-123.20M-91.91M-136.71M-135.28M-148.76M277.81M296.81M301.85M249.79M224.95M232.01M222.68M-327.61M000000096.50M838.00K43.48M34.51M50.19M29.42M44.18M
Operating Income4.00M55.10M80.10M168.00M287.60M341.20M238.99M363.98M384.67M419.76M4.70M666.00K17.59M125.22M41.10M44.06M40.49M590.26M276.06M290.04M292.40M294.70M253.10M216.08M226.03M162.29M268.31M230.86M244.46M282.80M352.92M352.63M
Operating Margin50.00%167.99%156.75%155.27%154.62%156.51%162.49%160.15%154.24%154.90%1.66%0.22%5.51%33.39%9.69%10.30%9.73%139.63%62.76%62.78%61.79%61.89%57.67%51.09%52.01%35.64%57.63%49.06%49.25%51.83%58.50%55.22%
EBITDA11.60M56.90M83.60M179.20M313.70M341.20M266.80M417.57M431.42M470.52M77.14M73.87M91.02M209.47M234.59M138.17M134.08M600.78M180.71M278.49M171.36M252.45M218.68M183.27M188.61M171.10M231.87M130.79M267.92M772.90M361.23M324.17M
EBITDA Margin145.00%173.48%163.60%165.62%168.66%156.51%181.40%183.73%172.99%173.63%27.31%24.83%28.49%55.86%55.33%32.31%32.22%142.12%41.08%60.28%36.21%53.02%49.83%43.33%43.40%37.58%49.80%27.80%53.98%141.65%59.88%50.76%
Net Income400.00K1.10M2.30M8.00M14.80M10.40M15.56M-12.80M11.58M7.75M4.78M5.03M25.39M-59.33M45.69M62.07M71.73M1.23B688.51M337.73M246.79M28.85M-57.44M57.26M193.20M34.78M-197.28M446.27M283.10M666.10M588.22M196.87M
Net Income Margin5.00%3.35%4.50%7.39%7.96%4.77%10.58%-5.63%4.64%2.86%1.69%1.69%7.95%-15.82%10.78%14.51%17.24%289.81%156.52%73.10%52.15%6.06%-13.09%13.54%44.45%7.64%-42.37%94.84%57.03%122.07%97.50%30.83%
R&D----------------------0.130.140.440.070.420.950.571.22--
R&D as % of Total Revenue----------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense3.30M7.40M13.70M26.10M260.00M-37.42M67.37M74.28M76.63M76.29M82.04M80.81M92.98M106.91M111.18M103.29M105.57M91.70M83.73M78.65M73.40M71.51M71.65M71.80M78.94M81.71M78.69M85.06M98.80M107.61M118.47M
Interest Expense % of Total Revenue41.25%22.56%26.81%24.12%139.78%-25.44%29.64%29.79%28.28%27.00%27.58%25.30%24.79%25.22%26.00%24.82%24.97%20.85%18.12%16.62%15.42%16.30%16.94%16.52%17.34%17.55%16.72%17.14%18.11%17.84%18.55%

Balance Sheet

Currency: CAD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets119.10M114.20M432.50M929.90M1.15B1.40B1.44B1.49B1.71B1.80B1.81B1.88B1.91B2.20B2.36B2.38B2.33B5.09B5.68B5.93B5.97B5.83B5.77B5.87B6.11B6.28B6.11B6.66B7.07B8.14B8.63B8.99B
Total Liabilities111.00M99.30M344.40M712.60M910.60M1.01B1.04B1.20B1.41B1.49B1.45B1.59B1.59B2.05B2.35B2.42B2.44B2.64B2.63B2.63B2.61B2.62B2.75B2.89B2.98B3.16B3.23B3.41B3.60B3.82B3.79B4.07B
Total Equity8.10M14.90M88.10M217.30M237.20M285.80M301.37M284.98M301.75M308.50M355.52M295.74M318.87M142.35M8.49M-45.04M-109.02M2.44B3.05B3.30B3.36B3.21B3.02B2.98B3.13B3.12B2.88B3.25B3.47B4.32B4.84B4.92B
Cash----------3.52M-84.00K11.14M-960.00K123.23M190.32M228.09M255.89M138.66M131.08M139.56M237.02M99.10M70.83M38.09M35.17M52.96M64.30M52.82M331.20M122.41M97.09M
Total Debt105.50M94.70M311.00M645.70M872.20M1.01B1.04B1.12B1.31B1.39B1.42B120.00M124.04M118.77M--2.27B1.83B2.25B2.26B2.17B2.27B2.44B2.59B2.72B2.87B3.00B3.08B3.29B3.40B3.65B3.64B
Net Debt105.50M94.70M311.00M645.70M872.20M1.01B1.04B1.12B1.31B1.39B1.42B108.86M124.04M117.81M-123.23M-190.32M2.04B1.58B2.11B2.13B2.03B2.04B2.34B2.52B2.68B2.84B2.95B3.02B3.24B3.06B3.52B3.54B

Cash Flow

Currency: CAD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow2.50M5.50M11.90M29.30M27.10M57.90M63.69M60.56M76.19M70.51M82.62M81.20M95.81M127.70M146.44M141.86M139.30M134.91M149.24M170.11M173.57M172.22M133.69M102.06M107.30M160.74M141.08M161.86M160.90M199.80M241.20M259.83M
Investing Cash Flow-73.30M1.50M-245.80M-521.10M-275.90M-177.20M-62.03M-83.07M-145.00M-118.60M-71.53M-114.79M-103.52M-359.16M-125.69M-31.96M36.30M-73.11M-89.30M-93.54M63.33M27.53M-247.86M-202.17M-207.33M-198.89M-217.04M-137.88M-197.06M-154.83M-351.63M-159.73M
Financing Cash Flow70.80M-6.60M233.00M509.60M227.40M124.80M18.26M27.13M66.77M34.58M-23.94M47.46M-7.48M236.46M101.53M-42.80M-137.84M-33.99M-177.18M-84.14M-228.41M-102.30M-23.74M71.84M67.27M35.22M93.75M-12.64M24.67M233.43M-98.37M-125.41M
Capital Expenditure75.00M0248.90M521.10M258.80M169.70M54.32M68.48M142.36M117.88M71.53M237.58M210.36M691.20M138.67M72.00M72.89M73.73M6.18M7.15M7.19M8.46M4.84M11.73M8.01M5.63M4.96M127.00M129.35M125.97M133.43M180.09M
Free Cash Flow-72.50M5.50M-237.00M-491.80M-231.70M-111.80M9.37M-7.92M-66.17M-47.37M11.09M-156.39M-114.55M-563.50M7.77M69.86M66.41M61.19M143.06M162.96M166.38M163.76M128.84M90.33M99.30M155.11M136.12M34.86M31.55M73.82M107.77M79.74M
Dividends Paid-------2.50M2.48M9.60M42.33M66.99M70.95M88.14M98.28M95.36M121.05M85.97M89.41M94.32M97.01M163.35M149.54M104.16M51.22M46.46M46.56M46.59M48.63M52.47M73.73M83.80M
FCF to OCF-2900.00%100.00%-1991.60%-1678.50%-854.98%-193.09%14.71%-13.07%-86.85%-67.17%13.42%-192.60%-119.55%-441.26%5.31%49.25%47.68%45.35%95.86%95.80%95.86%95.09%96.38%88.51%92.54%96.50%96.48%21.54%19.61%36.95%44.68%30.69%
Dividend Paid to FCF--------31.53%-3.74%-20.26%381.69%-42.84%-61.94%-15.64%1264.70%136.50%182.26%140.51%62.50%57.88%58.31%99.75%116.06%115.30%51.58%29.95%34.21%133.65%154.13%71.07%68.41%105.10%

Earnings

Report DateSep 19, 1996Apr 15, 1998Aug 5, 1998Oct 23, 1998Jan 14, 1999Apr 16, 1999Oct 15, 1999Mar 1, 2000May 23, 2001Aug 21, 2001Nov 15, 2001Feb 20, 2002May 9, 2002Aug 15, 2002Nov 15, 2002Feb 21, 2003May 13, 2003Aug 15, 2003Nov 17, 2003Feb 16, 2004Aug 13, 2004Feb 17, 2005May 10, 2005Aug 11, 2005Nov 10, 2005Feb 16, 2006May 11, 2006Aug 10, 2006Nov 13, 2006Feb 16, 2007Nov 12, 2009Feb 17, 2010May 17, 2010Aug 12, 2010Nov 10, 2010Feb 17, 2011May 12, 2011Aug 11, 2011Nov 10, 2011Feb 16, 2012May 15, 2012Aug 14, 2012Nov 14, 2012Feb 13, 2013May 15, 2013Aug 14, 2013Nov 14, 2013Feb 13, 2014May 14, 2014Aug 14, 2014Nov 13, 2014Feb 19, 2015May 14, 2015Aug 13, 2015Nov 12, 2015Feb 18, 2016May 12, 2016Nov 3, 2026
EPS Estimate0.010.020.010.120.070.080.040.15-0.020.120.04-0.050.030.060.080.030.060.100.150.090.170.330.330.390.450.350.330.380.320.040.280.400.520.680.470.300.280.630.630.600.590.670.760.700.670.800.780.770.750.820.890.870.740.880.890.800.68-
EPS Actual0.010.040.100.130.070.040.110.080.100.06-0.31-0.070.040.080.070.040.020.050.10-0.030.060.350.330.370.420.350.330.400.320.120.270.280.150.210.160.17-0.340.600.610.600.600.680.690.920.680.750.800.730.680.831.160.571.190.510.782.361.11-
Surprise0.00%100.00%900.00%8.33%0.00%-50.00%175.00%-46.67%600.00%-50.00%-875.00%-40.00%33.33%33.33%-12.50%33.33%-66.67%-50.00%-33.33%-133.33%-64.71%6.06%0.00%-5.13%-6.67%0.00%0.00%5.26%0.00%200.00%-3.57%-30.00%-71.15%-69.12%-65.96%-43.33%-221.43%-4.76%-3.17%0.00%1.69%1.49%-9.21%31.43%1.49%-6.25%2.56%-5.19%-9.33%1.22%30.34%-34.48%60.81%-42.05%-12.36%195.00%63.24%-
Timing--------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap3.30B
Enterprise Value6.30B
Trailing P/E0.00
Forward P/E13.19
PEG Ratio1.41
Price / Sales5.15
Price / Book0.66
EPS-0.85
Book Value101.54
Revenue (TTM)640.79M
Gross Profit (TTM)420.67M
EBITDA371.89M
Profit Margin-5.02%
Operating Margin57.22%
Return on Equity-0.67%
Return on Assets2.60%
Shares Outstanding46.10M
Shares Float36.92M
Beta0.82
Dividend Yield2.97%
Dividend Rate1.80
Payout Ratio181.32%

Dividends

202611×
0.15Nov 30, 20260.15Oct 30, 20260.15Sep 29, 20260.15Aug 31, 20260.15Jul 31, 20260.15Jun 30, 20260.15May 29, 20260.15Apr 30, 20260.15Mar 31, 20260.14Feb 27, 20260.14Jan 30, 2026
202512×
1.56Dec 31, 20250.14Nov 28, 20250.14Oct 31, 20250.14Sep 29, 20250.14Aug 29, 20250.14Jul 31, 20250.14Jun 30, 20250.14May 30, 20250.14Apr 30, 20250.14Mar 31, 20250.12Feb 28, 20250.12Jan 31, 2025
20241×
0.12Dec 31, 2024

Stock Splits

  • Nov 27, 19972:1