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Boardwalk REIT (BOWFF)
OTHER OTC:BOWFF
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
6.23Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
Boardwalk REIT demonstrated strong financial performance with increased revenue, high occupancy rates, and strategic growth through acquisitions and new developments. However, they faced challenges with increased operating expenses and moderated leasing spreads due to market competition. Overall, the call reflects a positive outlook with careful management of expenses and strategic investments.Company Guidance
During the Boardwalk REIT Q4 2024 earnings call, the management reported significant improvements in several key financial metrics. Same property rental revenue increased by 8.2%, while same property net operating income saw an 11% rise. The operating margin improved by 160 basis points, and same property funds from operations per unit increased by 12.5%. The company highlighted their strategy of maximizing free cash flow retention, which has allowed for reinvestment in new and existing communities, contributing to their strong performance. For 2025, Boardwalk REIT provided guidance for same property net operating income growth of 4% to 8% and funds from operations per unit ranging between $4.25 and $4.55. Additionally, Boardwalk announced a 12.5% increase in their monthly distribution, equating to $1.62 per trust unit on an annualized basis, reflecting their continued financial strength and commitment to returning value to shareholders.Strong Financial Performance
Same property rental revenue increased by 8.2%, net operating income increased by 11%, and funds from operations per unit increased by 12.5% in Q4 2024 compared to Q4 2023.
High Occupancy Rates
Boardwalk REIT maintained a strong portfolio occupancy rate of 98%, indicating high demand for affordable rental housing.
New Developments and Acquisitions
Acquired properties like The Circle in Calgary and announced new developments such as Marda Loop, Calgary, and Aspire in Victoria, demonstrating continued growth and investment in high-demand areas.
Distribution Increase
Announced a 12.5% increase to the monthly distribution, equating to $1.62 per trust unit annually, reflecting strong financial health.
Successful Asset Sales
Successfully sold three non-core assets in Edmonton for $79.95 million, allowing for strategic reinvestment.
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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 |
|---|---|---|---|
| Feb 20, 2025 | $44.71 | $45.27 | +1.25% |
| Nov 05, 2024 | $51.27 | $51.16 | -0.21% |
| Jul 30, 2024 | $56.42 | $55.95 | -0.83% |
| May 07, 2024 | $52.18 | $51.40 | -1.49% |
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 May 13, 2025, TBA Not Confirmed.
What is Boardwalk REIT (BOWFF) earnings time?
Boardwalk REIT (BOWFF) earnings time is at May 13, 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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