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Boardwalk REIT Boosts Liquidity and Buybacks as Occupancy Holds Near 97.5%

Story Highlights
  • Boardwalk REIT kept occupancy near 97.5% through winter, using flexible leasing to support retention and rising rents.
  • The trust sold three Edmonton assets and ramped up buybacks, recycling capital into units trading below net asset value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Boardwalk REIT Boosts Liquidity and Buybacks as Occupancy Holds Near 97.5%

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Boardwalk REIT ( ($TSE:BEI.UN) ) has shared an announcement.

Boardwalk REIT reported that it maintained robust portfolio occupancy of around 97.5% through the seasonally slower winter period into early 2026, supported by flexible pricing on new and renewal leases to preserve margins and resident retention. Average occupied rent has continued to trend higher through 2025, underscoring resilient demand for its communities despite a more competitive leasing environment. On the capital allocation front, the trust accelerated use of its normal course issuer bid, repurchasing approximately $57.3 million of units in 2025 at a significant discount to its assessed net asset value, while also selling three Edmonton communities for a combined $56.5 million at prices broadly in line with IFRS valuations to recycle capital. This strategy strengthens liquidity, supports unit value through buybacks, and reflects a disciplined balance between dispositions, reinvestment in value-add initiatives, and maintaining a solid balance sheet, which may enhance long-term returns for unitholders and underscore confidence in the intrinsic value of its portfolio.

The most recent analyst rating on ($TSE:BEI.UN) stock is a Buy with a C$69.00 price target. To see the full list of analyst forecasts on Boardwalk REIT stock, see the TSE:BEI.UN Stock Forecast page.

Spark’s Take on TSE:BEI.UN Stock

According to Spark, TipRanks’ AI Analyst, TSE:BEI.UN is a Outperform.

Boardwalk REIT’s strong financial performance and attractive valuation are key strengths, supported by positive earnings call insights. However, technical indicators suggest current market weakness, which tempers the overall score. The company’s solid fundamentals and strategic initiatives position it well for future growth.

To see Spark’s full report on TSE:BEI.UN stock, click here.

More about Boardwalk REIT

Boardwalk Real Estate Investment Trust is a Canadian multi-family residential landlord focused on owning, operating and developing apartment communities across major markets, with an emphasis on providing high-quality, affordable rental housing. The REIT generates revenue primarily from rental income and related fees and is listed on the Toronto Stock Exchange under the symbol BEI.UN.

Average Trading Volume: 103,033

Technical Sentiment Signal: Buy

Current Market Cap: C$3.55B

See more data about BEI.UN stock on TipRanks’ Stock Analysis page.

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