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TSE:BEI.UN

Boardwalk REIT (BEI.UN.TO)

63.90
-0.46 (0.71%)
as of Jun 17, 2026, 8:00:00 pm Market Open.
182 watching
0
Investor Insights
star iconJun 17, 2026, 12:00 am

This summary was created by AI, based on 4 opinions in the last 12 months.

Boardwalk REIT (BEI.UN) has received positive feedback from various experts, highlighting its strategic positioning, particularly with 75% of its portfolio free from rent control which allows for greater flexibility in rental pricing. While national population growth has experienced a decline, specific areas where Boardwalk operates have seen an uptick, benefiting the company. Experts appreciate the management's approach, noting the low payout ratio which reduces the risk of dilution. With a yield of 2.4%, it may appeal to investors seeking stability. Overall, the stock is viewed as an attractive buy due to its current pricing relative to asset value, particularly in Alberta's robust economy.

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Consensus
Positive
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Valuation
Undervalued
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TOP PICK
Ideal company for these uncertain times. Largest apartment REIT across the country. People still need to live somewhere. Nice yield. Management owns 30% of it and don’t pay themselves salaries. Financing is all CMHC guaranteed.
TOP PICK
Multi-residential, the safest sector in REITs. Access to CMHC financing, sub 4%. Payout ratio of about 80%. Rents are coming down in Alberta but they are doing $2.21 in free cash flow. Distribution is safe. Management owns 24%.
TOP PICK
In the storm, this is a fantastic defensive REIT but with some growth profile. Reiterated their guidance for 09. Excellent management. Replacement rents are very high and they have a high occupancy level. Gets CMHC funding so their funding costs dropped substantially. Yield of about 7%.
WATCH
Thetype of person that would rent a condo is not the type of person that would rent from this company. Also, there is a spread between renting in a condo and renting in this company's properties. Not overly concerned, but he is monitoring. A great name. Buy in and around $23 or less and Sell around $27.
TOP PICK
Apartments tend to be the most defensive of property classes. Based primarily out of Calgary/Edmonton. Well-managed and clean balance sheet. Have access to the cheap CHMC financing. Significant management ownership.
BUY
(Market Call Minute.) Largest landlord of apartments throughout Canada. Will continue to be a very successful and profitable business.
BUY
(Market Call Minute.) In this environment, they get funding through CMHC, which allows them to do funding at government plus 50 basis points. In a recessionary environment, apartment units do well.
TOP PICK
One of the few REITs that reissued guidance that funds from operations (FFO) is solid. Apartment buildings out west won't necessarily hurt you. Great management and they get funding through CMHC. As the interest rate market gets lower, they go lower to so the spreads haven't blown out on them for funding.
TOP PICK
Believes it is the best positioned REIT right now. It has exposure to Edmonton and Calgary multi-residential market as well as Montreal. It has a very sustainable payout ratio. Great name, well positioned, good balance sheet. Buyers at anywhere below $23 sellers at $27.
BUY
Apartments, particularly in western Canada. Very solid management team. Shouldn't do too badly owning this one.
TOP PICK
Basically apartments. Major focus in Calgary. Track record of creating value by purchasing, renovating and approving previously managed properties. Great track record. Occupancy has been quite strong. Very strong balance sheet. Trading at 40% of NAV. 8% yield.
TOP PICK
Access to low-cost debt. Excellent assets. Rents are not going up as quickly as they were. Have about $100 million of unit buybacks that they will execute over the next 12 months. Very conservative balance sheet. Excellent free cash flow growth.
BUY
About 51% apartment buildings are in Alberta. Well capitalized REIT. Price has dropped a great deal. They are increasing their Alberta rents by about 10% a year. Get their funding through CMHC, whose spreads have not increased as much.
TOP PICK
Has been knocked down but is not quite sure why. Possibly rent decreases in Alberta. Very good quality and diversified. Yield is about 4.6%.
BUY
Multi-residential apartments, mainly in Alberta. Market was disappointed with results in the last quarter. In-place rent and market rent had a difference of $150 million. Rents dropped, so their loss to lease was cut in half. It still has exposure to the best leasing markets in Canada. There are no concerns in raising debt. A good name.
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