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An update from Boardwalk REIT ( ($TSE:BEI.UN) ) is now available.
Boardwalk REIT reported strong 2025 results, with funds from operations per unit rising 11.2% to $4.65 and net operating income up 9.2%, supported by higher same property NOI and improved operating margins. The trust’s portfolio continued to benefit from robust demand for affordable housing, particularly in Alberta, and modest rent increases even as occupancy eased slightly to 97.6%.
The REIT raised its annualized distribution by 11.1% to $1.80 per unit and introduced 2026 guidance calling for stable to growing FFO and NOI, signaling confidence in its cash flow outlook. Management continued to recycle capital by selling non-core assets and acquiring newer communities in key Western Canadian and Québec markets, while maintaining a strong liquidity position and modestly improving leverage metrics, which together support its growth strategy and income profile for unitholders.
The most recent analyst rating on ($TSE:BEI.UN) stock is a Buy with a C$76.00 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 residential landlord focused on multi-family rental housing, with a significant presence in Alberta, Saskatchewan and Québec. The REIT positions itself as a provider of high-quality but affordable apartments, reinvesting in common area improvements to enhance portfolio quality and resilience while targeting non-price-controlled markets for rental growth.
Average Trading Volume: 109,537
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$3.58B
See more data about BEI.UN stock on TipRanks’ Stock Analysis page.