Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has released an update.
Boardwalk Real Estate Investment Trust has reported a robust start to 2024 with Funds From Operations (FFO) per Unit up by 20.3% and Net Operating Income (NOI) increasing by 15.5% compared to the first quarter of 2023. The company also saw a significant growth in rental revenue, with a 9.4% increase from the previous year and a healthy occupancy rate of 98.8%. Additionally, Boardwalk REIT has confirmed a distribution of $1.44 per Trust Unit for the upcoming months and made strategic leadership appointments, reinforcing its financial and operational strength.
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