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Boardwalk REIT (BOWFF)
OTHER OTC:BOWFF
Holding BOWFF?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
2.22Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: -18.19%
|Next Earnings Date:Aug 13, 2018
Earnings Call Sentiment|Positive
The earnings call showcased strong financial performance with significant increases in rental income and high occupancy rates, driven by strategic self-regulation and market advantages in Alberta. However, challenges such as increased operating expenses and potential impacts from new supply in Calgary indicate areas to watch. Overall, the sentiment is positive with a strong outlook for continued growth and stability.Company Guidance
During the Boardwalk Real Estate Investment Trust's Q3 2024 earnings call, the management team provided guidance that highlighted the company's robust financial performance and operational metrics. They reported a 9.5% increase in same-property rental revenue and a 13.5% increase in same-property net operating income (NOI) compared to the same quarter last year. The operating margin improved by 230 basis points, and the property funds from operations per unit rose by 15.6%. The team also noted a strong portfolio occupancy of 98% and average occupied rents of $1,493 for two-bedroom apartments, which remain competitive compared to the Canadian average of $2,309. Additionally, Boardwalk's strategic focus on maintaining high occupancy and retention rates, along with their disciplined cost management, has led to a reduction in leverage metrics, with debt to total assets decreasing to 40% and debt-to-EBITDA to 10.31. The company also updated its 2024 financial guidance, anticipating same-property NOI growth between 12.5% and 14.5% and FFO per unit ranging from $4.15 to $4.23.Strong Financial Performance
Same-property rental revenue increased 9.5% and same-property net operating income increased 13.5%. Operating margin increased by 230 basis points, and property funds from operations per unit increased by 15.6%.
High Occupancy Rates
Portfolio occupancy remains strong at 98%, driven by high demand for affordable rental housing and strategic self-regulation of rental rates.
Debt Reduction Achievements
Leverage metrics improved with debt to total assets reduced to 40% from 43%, and debt-to-EBITDA improved from 11.02 to 10.31.
Positive Market Developments in Alberta
Calgary chosen for a $750 million data center, highlighting the Alberta advantage with high job creation and interprovincial migration.
Guidance Update
2024 guidance updated with same-property NOI growth expected between 12.5% and 14.5% and FFO per unit ranging from $4.15 to $4.23.
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BOWFF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BOWFF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $51.36 | $51.26 | -0.19% |
| Jul 30, 2024 | $56.52 | $56.06 | -0.81% |
| May 07, 2024 | $52.28 | $51.50 | -1.49% |
| Feb 22, 2024 | $53.89 | $55.39 | +2.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Boardwalk REIT (BOWFF) report earnings?
Boardwalk REIT (BOWFF) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Boardwalk REIT (BOWFF) earnings time?
Boardwalk REIT (BOWFF) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BOWFF EPS forecast?
Currently, no data Available
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