Boardwalk Real Estate Investment Trust ( (BOWFF) ) has released its Q2 earnings. Here is a breakdown of the information Boardwalk Real Estate Investment Trust presented to its investors.
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Boardwalk Real Estate Investment Trust (REIT) is a Canadian company specializing in providing multi-family residential properties across various regions in Canada, with a focus on creating vibrant communities through its three distinct brands: Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle.
In its latest earnings report, Boardwalk REIT announced a robust financial performance for the second quarter of 2025, highlighted by significant growth in Net Operating Income (NOI) and Funds From Operations (FFO) per unit. The company reported an 11.5% increase in FFO per unit compared to the previous year, showcasing the strength of its operating platform and strategic initiatives.
Key financial metrics revealed a 5.5% increase in rental revenue and a 9.0% rise in NOI for the quarter. The Trust also demonstrated strong liquidity with a total available liquidity of $324.6 million and a conservative FFO payout ratio of 34.9%. Strategic moves included the acquisition of properties in Saskatoon and Calgary, and the disposition of non-core assets, aligning with its capital upcycling strategy.
Looking ahead, Boardwalk REIT remains optimistic about its growth prospects, driven by strong demand for affordable housing and strategic investments in high-growth markets. The company anticipates continued revenue and NOI growth, particularly in its largest market, Edmonton, and other affordable regions, supported by favorable economic conditions and strategic capital allocation.