Boardwalk REIT (BEI.UN.TO) Buy, Sell or Hold

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Boardwalk REIT (BEI.UN.TO)

64.00

-0.90 (1.39%)

as of Aug 26, 2026, 8:00:00 pm Market Open.

181 watching

Investor Insights

Aug 26, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

Boardwalk REIT (BEI.UN) has garnered attention from multiple experts, highlighting its resilience and strategic positioning within the real estate market. Approximately 75% of its portfolio is insulated from rent control, which could provide stability in uncertain economic conditions. Although national population growth has slowed, Boardwalk REIT has managed to thrive in its operational spaces, especially in Alberta, noted for its affordability. Experts like the company's management and appreciate the low payout ratio, which reduces the risk of dilution. Current pricing presents an attractive buying opportunity for investors, with a yield of 2.4%, appealing especially to those seeking moderate returns in a stable market.

Consensus

Positive

Valuation

Fair Value

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 13/22, Up 26.3%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with BEI.UN has triggered its stop at $64. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 24%, when combined with previous recommendations.

TOP PICK

Alberta benefits from population growth, international migration, and inter-provincial migration. Not rent regulated. Quality housing. Large discount of about 20% to NAV. Outlook continues to be bright. Yield is 1.78%.

Good landlords. A very important characteristic. Could increase rents by 20%, but seldom goes above 9%.

(Analysts’ price target is $74.82)

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 13/22, Up 32.9%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with BEI.UN is progressing well. To be disciplined, we recommend trailing up the stop (from $58) to $64 at this time.

BUY ON WEAKNESS

Does not own shares at this time.
~60% of residential units around Calgary area (fast growing area without rent control).
Good time to buy with rising interest rates impacting share price.
Strength in energy business also good for business.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 13/22, Up 23.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with BEI.UN is progressing well. We recommend trailing up the stop (from $54) to $58 at this time.

HOLD

Whole sector has been pushed down extensively, based on interest rates. This is unfair, as everything gets lumped into the same boat. This one is faring better. Longer term, will be OK. Generates income, good portfolio of assets. Yield is 1.9%.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 13/22, Up 20.4%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with BEI.UN has achieved its target at $61. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $50) to $54.

BUY

Great example of a company with the ability to increase its distribution. Apartments across Canada, with a focus (2/3 of its portfolio) on Alberta. Alberta has become the affordable market in Canada for both new Canadians and inter-provincial migration. Growing cashflow.

PAST TOP PICK

(A Top Pick Apr 28/22, Down 3%)

Quite bullish on it. Still lots of runway, with stock trading at 20% discount to NAV. Occupancy has increased over 98%. 10% in leasing spreads. Foresees 8.5-12.5% income growth this year.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 13/22, Up 14.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with BEI.UN is progressing well. To remain disciplined, we now recommend trailing up the stop (from $44.70) to $50.00.

PAST TOP PICK

(A Top Pick Jan 31/22, Up 2%)

It is in the Alberta market which has a great opportunity for attractive rents and affordability. Trades at a good discount to NAV which is growing as markets are recovering. Has a 98% occupancy rate and it can push for rent incentives.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly This is a play on Alberta's recovery, given the largest holdings in this REIT's portfolio of muli-family units resides there. It trades at 1.2x book value. We like how cash reserves have been growing, while debt has been aggressively repaid. Its yield is backed by a payout ratio under 20% of cash flow. We recommend a stop loss at $44.70, looking to achieve $61 -- upside potential over 19%. Yield 2.1% (Analysts’ price target is $60.57)

TOP PICK

He bought some CAP REIT, because housing demand is slowing, so he expects apartment rents to rise as rental demand climbs. Most assets are in western Canada which will see strong demand going into 2023. Such increases will protect cash flow and the dividend. (Analysts’ price target is $60.45)

PAST TOP PICK

(A Top Pick Nov 29/21, Down 8%) A year ago, interest rates were 2% lower. BEI hit a high last March. All things considered, this has done well. This is the play on multi-family REITs, focussed on Alberta. We're now seeing pricing power in Alberta given population growth. Trades at a double-digit discount to NAV. He sees nice cash-flow growth in 2023.

PAST TOP PICK

(A Top Pick Sep 27/21, Down 4%) Will continue to hold and would buy again. Believes company is well run with excellent management. Does not have to worry about rent controls as most of inventory is in Alberta (not likely to get rent control). Calgary and Edmonton are strong markets. Rising rent is good for real estate REITs. Population growth to Alberta is high.

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Boardwalk REIT (BEI.UN.TO)

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