Summer Sale

50% off Premium Yearly

00days
00hrs
00mins
00secs

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.

consensus icon
Consensus
Positive
valuation icon
Valuation
Undervalued
review icon
Similar
CNR, CNR
BUY
(Market Call Minute.) Largest apartment owner in Canada. Great presence in Alberta.
BUY
Largest capitalized REIT in Canada. Trading around its net asset value. Relatively low yield because of large capitalization. Good balance sheet with ton of cash on it. May buy shares back or increase distribution or make special distribution. Suspects the later.
BUY
REIT stocks have been pushing up to 52-week highs so this one is performing in line with its peers. Capable management. Conservative payout ratio so the dividend is rock solid and expects distributions to grow.
PAST TOP PICK
(A Top Pick Aug 12/09. Up 38%.) This is a story where you can sleep at nights. Participated in the recovery in Alberta with the mining and oil sands. Pristine balance sheet. Lots of cash to buy back shares.
PAST TOP PICK
(A Top Pick Aug 12/09. Up 24.49%.) Still likes.
BUY ON WEAKNESS
Great blue-chip name with a tremendous balance sheet. Multifamily apartments with big exposure to Edmonton and Calgary with some assets in Montreal. Try to buy at under $40.
PAST TOP PICK
(Top Pick Jun 23/09, Up 33%) very good management – haven’t taken salary. Woodstock, Waterloo, Montreal. Very conservative in what they do. Payout ratio is very low. Are building up cash. Say markets are too rich and can’t find any value.
PAST TOP PICK
(A Top Pick May 4/09. Up 39.57%.) Still likes.
COMMENT
Quite a high multiple of about 19 or so. Creating value. Edmonton is their biggest market and because of interest in the tar sands picking up again, it looks good. Paying out about 80% of the distribution. Building up cash. Good quality.
PAST TOP PICK
(A Top Pick Apr 16/09. Up 56.19%.) Recently sold this. Had a tremendous move and became pretty rich. Prefers H & R (HR.UN-T).
BUY
One of the best REITs in the country. Fantastic management, which owns 24%. Exceptionally low leverage that allows them to refinance their assets and pull out about $190 million in cash plus another $250 million. Low payout ratio. Has potential to buy back units, reduce leverage or do accretive acquisitions.
PAST TOP PICK
(A Top Pick Apr 29/09. Up 65.27%.) One of his favourites.
PAST TOP PICK
(A Top Pick May 4/09. Up 33.9% excluding distributions.) Focus specifically on apartment buildings in Alberta. Costs have dropped because of natural gas prices. Pristine balance sheet with about $250 million, which they are using to buy up their stock. Still not expensive.
PAST TOP PICK
(A Top Pick Apr 29/09. Up 50.3% excluding yield.) Apartments. Payout ratio of about 80%, 4% yield and low debt. Have a lot of cash but the low interest rates are hurting them. High quality.
PAST TOP PICK
(A Top Pick March 17/09. Up77.51 %.) Still likes.
Showing 121 to 135 of 208 entries