Boardwalk Real Estate Investment Trust BEI.UN.TO · CAD
Real Estate · Toronto Stock Exchange · 🇨🇦 Canada
61.70
-1.30%
Close of 9 Nov 2026, in CAD
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About Boardwalk Real Estate Investment Trust
Its shares trade on Toronto Stock Exchange under the ticker BEI.UN.TO. It has been listed since 6 January 1994. In the fiscal year to 31 December 2024, it reported revenue of C$603.3m and net income of C$588.2m. At that date it held total assets of C$8.63bn and shareholders' equity of C$4.84bn.
Boardwalk Real Estate Investment Trust engages in the acquisition, refurbishment, management, ownership, and development of multi-family residential communities. The company is headquartered in Calgary, Alberta. The firm is focused on the acquisition, refurbishment, management, ownership and development of multi-family residential communities within Canada. The Trust owns over 200 communities’ ties containing approximately 33,000 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 28 million net rentable square feet. The Company’s brands include Boardwalk Lifestyle, Boardwalk Communities and Boardwalk Living. The Trust's residential properties in the portfolio are located in Montreal and Quebec City, Quebec; London and Kitchener, Ontario; Saskatoon and Regina, Saskatchewan, and Edmonton, Fort McMurray, Grande Prairie, Banff, Red Deer and Calgary, Alberta.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 6 Jan 1994
- Employees
- 1,600
- Website
- bwalk.com ↗
Leadership
Pay as last reported
- Mr. Sam KoliasChairman of the Board of Trustees, Chief Executive Officer, since 2007
- Mr. James HaPresidentC$747,253
- Mr. Gregg TinlingChief Financial OfficerC$512,620
- Ms. Samantha Kolias-GunnSenior Vice President - Corporate Development and Governance, Trustee, since 2013C$6,800
- Ms. Samantha AdamsSenior Vice President - Investments
- Mr. Bhavnesh JaraimChief Information Officer, Vice President - TechnologyC$649,178
- Mr. John BowersVice President - Finance and Investor Relations
- Ms. Helen MixVice President - PeopleC$589,826
- Mr. Jeff KlausVice President - Asset Management and Development
- Ms. Nandini SomayajiGeneral Counsel, Corporate Secretary
- Mr. Brian RobinsonIndependent Lead TrusteeC$140,800
- Ms. Mandy AbramsohnIndependent TrusteeC$135,100
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 90
- Environment
- 99
- Social
- 99
- Governance
- 73
- Direct emissions (scope 1)
- 103,054 t
- Energy emissions (scope 2)
- 30,588 t
- Value chain emissions (scope 3)
- 21,778 t
- Women in the workforce
- 37.2%
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Boardwalk Real Estate Investment Trust has several strengths that contribute to its success. Firstly, the company boasts a diverse portfolio of properties, including residential, commercial, and industrial assets. This not only minimizes risk but also allows the company to capitalize on various market segments.
- Additionally, Boardwalk REIT has a strong brand reputation and long-standing presence in the real estate industry. This enables the company to attract high-quality tenants and maintain high occupancy rates, resulting in a stable income stream.
- Furthermore, the company has a proactive and experienced management team that possesses a deep understanding of market trends and a proven track record in property management. This helps in identifying investment opportunities and making informed decisions to maximize returns.
Weaknesses
- While Boardwalk REIT has many strengths, it also faces certain weaknesses. One of the notable weaknesses is its high dependency on the economic conditions and fluctuations in the real estate market. Any downturn in the market or economic recession can impact the company's profitability and rental income.
- Moreover, the company's extensive property portfolio requires significant maintenance and renovation expenses. This can result in increased operating costs and potential cash flow gaps, especially during periods of economic uncertainty.
Opportunities
- Boardwalk REIT has various opportunities for growth and expansion. Firstly, the ongoing urbanization and population growth in cities where the company operates present opportunities for increasing demand for rental properties. This allows Boardwalk REIT to potentially raise rental rates and improve overall financial performance.
- Furthermore, the company can leverage technology and innovation in property management to enhance operational efficiency, tenant experience, and cost-effectiveness. Embracing digital platforms and smart building technologies can provide a competitive advantage in the market.
Threats
- Boardwalk REIT also faces certain threats that may impact its business. Fluctuations in interest rates can increase borrowing costs, making it challenging to obtain financing for potential acquisitions or development projects. Additionally, changes in government regulations and policies related to real estate, rental markets, or taxation can directly influence the company's operations and profitability.
- Furthermore, competition within the real estate sector is intense, with numerous companies vying for the same pool of tenants and investment opportunities. This can potentially affect occupancy rates and rental rates, putting pressure on Boardwalk REIT's financial performance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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