The earnings call emphasizes Boardwalk's strong financial performance, strategic acquisitions, and high occupancy rates, while acknowledging challenges from increased vacancy and market competition. The company appears well-positioned financially, and the positive aspects slightly outweigh the challenges discussed.

Company Guidance

During the Boardwalk Real Estate Investment Trust's Second Quarter 2025 Earnings Call, several key metrics and guidance were highlighted. The Trust reported a 6.2% increase in same-property rental revenues and a 9.8% rise in same-property net operating income compared to the previous year. The operating margin improved by 220 basis points, and funds from operations per unit saw an 11.5% increase. The Trust's occupancy remained high, just below 98%, with average occupied rents at $1,559 for a 2-bedroom apartment, significantly lower than the Canadian average. In Alberta, renewal spreads were 4.2% as of June 2025, and overall blended spreads for Alberta were 2.7%, with a portfolio-wide spread of 3.4%. The Trust has adjusted its 2025 guidance, projecting same-property NOI growth between 8% to 10% and raising the FFO per unit outlook to $4.48 to $4.63. Additionally, the estimated fair value of investment properties increased to $8.4 billion, and the Trust holds approximately $325 million in liquidity, supporting its strategic initiatives.

Strong Financial Performance

Same-property rental revenues increased 6.2%, and same-property net operating income rose 9.8%. Operating margin improved by 220 basis points, with funds from operations per unit up by 11.5%.

High Occupancy and Affordable Offering

Occupancy remains high at just below 98%, with average occupied rents of $1,559, which is significantly lower than the Canadian average of $2,221.

Strategic Rebranding and Acquisitions

Boardwalk completed rebranding of 74% of communities and announced significant acquisitions totaling $294 million, including new assets in Calgary and townhomes in Saskatoon and Regina.

Improved 2025 Guidance

The guidance for same-property NOI growth was adjusted to 8% to 10%, and FFO per unit outlook increased to $4.48 to $4.63.

Solid Liquidity Position

Boardwalk reported approximately $325 million in liquidity, providing a flexible financial position.

Boardwalk REIT (BOWFF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BOWFF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	- / -	0.813	―	―	―
Jul 29, 2025	2025 (Q2)	- / 1.13	2.334	-51.58% (-1.20)
May 06, 2025	2025 (Q1)	- / 1.98	4.514	-56.20% (-2.54)
Feb 20, 2025	2024 (Q4)	- / 0.89	2.328	-61.85% (-1.44)
Nov 05, 2024	2024 (Q3)	- / 0.81	0.624	30.16% (+0.19)
Jul 30, 2024	2024 (Q2)	- / 2.33	3.678	-36.54% (-1.34)
May 07, 2024	2024 (Q1)	- / 4.51	3.508	28.69% (+1.01)
Feb 22, 2024	2023 (Q4)	- / 2.33	0.204	1039.72% (+2.12)
Nov 07, 2023	2023 (Q3)	- / 0.62	0.745	-16.15% (-0.12)
Aug 10, 2023	2023 (Q2)	- / 3.68	2.405	52.92% (+1.27)

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

BOWFF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$52.14	$53.15	+1.94%
May 06, 2025	$47.25	$47.51	+0.55%
Feb 20, 2025	$44.18	$44.74	+1.27%
Nov 05, 2024	$50.66	$50.55	-0.22%

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.

FAQ

When does Boardwalk Real Estate Investment Trust (BOWFF) report earnings?

Boardwalk Real Estate Investment Trust (BOWFF) is schdueled to report earning on Nov 11, 2025, Before Open (Confirmed).

What is Boardwalk Real Estate Investment Trust (BOWFF) earnings time?

Boardwalk Real Estate Investment Trust (BOWFF) earnings time is at Nov 11, 2025, Before Open (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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