TSE:BEI.UN

Boardwalk REIT (BEI.UN.TO)

62.35
-0.50 (0.80%)
as of Oct 23, 2026, 8:00:00 pm Market Closed.
181 watching
0
PAST TOP PICK
(Top Pick Feb 19/09, Up 53%) Did well. It was a great way to participate in a defensive way on the REITs. Still a top pick.
TOP PICK
Great way to play the REIT market. Not a great REIT but you can sleep at night. Management is fantastic. Management owns 25% of the stock. Beat their numbers last quarter. 2011/12 just adds to this story. They have 300 Million on their balance sheet that they have to deploy or buy back stock with.
BUY
One of the best financing spreads that you will see because of their CMHC financing. Low pay out ratio. Good free cash flow yield.
PAST TOP PICK
(A Top Pick Apr 16/09. Up 39.99%.) Still a Hold.
PAST TOP PICK
(A Top Pick Dec 5/08. Up 79.75%.) High quality. An apartment-based REIT, which tends to be very defensive. Managing occupancy and rent levels very well. CMHC backed. 4.8% yield. Fair value from a long-term perspective. Buy on weakness.
COMMENT
(Market Call Minute.) Long-term buy. Wouldn't be in a hurry but is a well managed company.
PAST TOP PICK
(A Top Pick Dec 17/08. Up 76.12%.)
PAST TOP PICK
(A Top Pick Apr 16/09. Up 0.62%.) Think it can get into the $40's.
TOP PICK
Good balance sheet. Have some much room they are not buying apartments any more but instead are buying back shares. CMHC financing so funding costs are dropping dramatically. There continues to be net migration into Alberta.
BUY
A dynamite situation. Likes it. Has gone through the corrective phase and is now expecting improvement in the REIT group.
TOP PICK
Apartment buildings in Alberta and Ontario. Pristine balance sheet. Great management. Buying back shares instead of acquiring apartments, which they don't feel are accretive at this time. Also get funding through CMHC reducing their funding from 5% to 3%. Trades at a premium because it is best in class but in this environment, cream rises to the top.
TOP PICK
Alberta-based with a lot in Edmonton. They have cut prices and done everything they could to keep their apartments full. Kept their cash flow. Good management. 5.6% distribution is safe.
BUY
Canadian Apartment Properties (CAR.UN-T) and/or Boardwalk REITs (BEI.UN-T)? Thinks you get the same valuation in REITs as you would in the property market with a lot less work. He would buy either one of these or both.
TOP PICK
2.5% funding, vs. other at 8%. Lots of room for acquisitions. They are buying back stock. 6.4% yield is safe.
TOP PICK
One of the best names in Canada. They still have the benefit of CMHC. They’ve been very lucky in Montreal. Very disciplined. Debt is low. Paying out 75-80% of what they can earn.
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