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Boardwalk REIT (BEI.UN-T) opinion on 2017-09-13

Last Price Recorded: 38.5700 on 2017-11-17

ON STOCKCHASE SINCE Aug 2004

property mngmnt/investment
HOLD

Paul Gardner, CFA
Boardwalk REIT was $39.030 at time of opinion
Owned : No

Missed very big last quarter. One problem is that most assets are in Calgary, Edmonton and Saskatchewan, and the rental market there has been incredibly weak. There are signs of stabilization. The trouble is they are competing with condos, and they have large buildings. Last quarter, they came out with a significant amount of capital expenditures they have to put into their buildings. The positive is that they have a balance sheet that allows them to do CapX spending. Fantastic management and they are the biggest shareholder. Getting closer to the bottom and there is some stabilization. If you own, stick with it, but don’t buy it. Distribution yield is 5.7%, which he thinks is pretty safe.

UNKNOWN

All opinions for BEI.UN-T (144)

39 BUY
5 BUY on WEAKNESS
15 COMMENT
4 DON'T BUY
9 HOLD
27 PAST TOP PICK
2 SELL
1 STRONG BUY
34 TOP PICK
1 VAGUE
5 WAIT
1 WATCH
1 WEAK BUY
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All opinions for BEI.UN-T (144)

39 BUY
5 BUY on WEAKNESS
15 COMMENT
4 DON'T BUY
9 HOLD
27 PAST TOP PICK
2 SELL
1 STRONG BUY
34 TOP PICK
1 VAGUE
5 WAIT
1 WATCH
1 WEAK BUY
View All

More experts covering BEI.UN-T

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Add BEI.UN-T to Watch List

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