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Boardwalk REIT ( ($TSE:BEI.UN) ) has shared an update.
Boardwalk REIT reported that it maintained strong same-property portfolio occupancy through the seasonally weaker winter period, with occupancy at 97.5% entering 2026, and continued to grow occupied rents over 2025. Management emphasized a strategy of flexible pricing on new and renewal leases to preserve high occupancy and margins in a more competitive leasing market, positioning the Trust to benefit from sustained demand for affordable, quality rental housing. On the capital allocation front, Boardwalk remained active on its Normal Course Issuer Bid, deploying about $57.3 million in 2025 to repurchase units at a significant discount to its estimated net asset value, while funding these buybacks and other initiatives partly through property dispositions at or near IFRS values. The recent sale or agreed sale of three Edmonton communities for a combined $56.5 million underscores its disciplined recycling of capital from mature assets into higher-return opportunities and unit repurchases, reinforcing balance sheet strength and aiming to enhance unitholder value.
The most recent analyst rating on ($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 REIT that owns and operates apartment communities across key markets, focusing on providing high-quality, affordable rental housing. The Trust targets strong occupancy and resident retention while actively managing its portfolio and capital structure to enhance net asset value and free cash flow for unitholders.
Average Trading Volume: 103,033
Technical Sentiment Signal: Buy
Current Market Cap: C$3.55B
Find detailed analytics on BEI.UN stock on TipRanks’ Stock Analysis page.