Last C$68.80 CAD
Change Today -0.67 / -0.96%
Volume 93.5K
BEI-U On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:00 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

boardwalk real estate invest (BEI-U) Snapshot

Open
C$69.47
Previous Close
C$69.47
Day High
C$69.47
Day Low
C$68.75
52 Week High
10/31/14 - C$71.40
52 Week Low
12/17/13 - C$57.42
Market Cap
3.6B
Average Volume 10 Days
93.3K
EPS TTM
C$4.58
Shares Outstanding
47.5M
EX-Date
11/26/14
P/E TM
15.0x
Dividend
C$2.04
Dividend Yield
2.94%
Current Stock Chart for BOARDWALK REAL ESTATE INVEST (BEI-U)

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boardwalk real estate invest (BEI-U) Details

Boardwalk Real Estate Investment Trust engages in the acquisition, refurbishment, management, and ownership of multi-family residential communities in Canada. As of January 7, 2010, the company had approximately 260 properties with 36,418 units totaling approximately 31 million net rentable square feet in the provinces of Alberta, British Columbia, Saskatchewan, Ontario, and Quebec. Boardwalk Real Estate Investment Trust was founded in 1993 and is headquartered in Calgary, Canada.

1,500 Employees
Last Reported Date: 02/13/14
Founded in 1993

boardwalk real estate invest (BEI-U) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: --
President
Total Annual Compensation: C$334.6K
Chief Financial Officer
Total Annual Compensation: C$211.2K
Vice President, General Counsel and Secretary
Total Annual Compensation: C$191.4K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: C$256.5K
Compensation as of Fiscal Year 2013.

boardwalk real estate invest (BEI-U) Key Developments

Boardwalk Real Estate Investment Trust Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014 and 2015

Boardwalk Real Estate Investment Trust announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total rental revenues of $118.9 million compared with $114 million for the same period a year ago. Net operating income was $75.8 million compared with $73.2 million for the same period a year ago. Profit from continuing operations was $55.4 million compared with $155.8 million for the same period a year ago. Funds from operations was $46.8 million or $0.90 per unit compared to $45 million or $0.86 per unit for the same period a year ago. Adjusted funds from operations was $42.7 million or $0.82 per unit compared to $40.8 million or $0.78 per unit for the same period a year ago. The increase in reported FFO was attributed to organic revenue growth driven by higher market and in-place rents, resulting in a 4.3% increase in total rental revenue for the third quarter versus the same period in 2013 and 4.5% for the first nine months of 2014; however, this was tempered by higher vacancy in some of the Trust's markets in the third quarter, and higher operating expenses, including natural gas, particularly in the first quarter, property tax and wages and salaries. Net asset value per diluted unit was $68.75. For the nine months, the company reported total rental revenues of $353.4 million compared with $338.1 million for the same period a year ago. Net operating income was $218.8 million compared with $213.2 million for the same period a year ago. Profit from continuing operations was $250.1 million compared with $354.8 million for the same period a year ago. Funds from operations was $132.1 million or $2.52 per unit compared to $126.7 million or $2.42 per unit for the same period a year ago. Adjusted funds from operations was $119.7 million or $2.29 per unit compared to $114.2 million or $2.18 per unit for the same period a year ago. The company provided earnings guidance for the full year of 2014. For the year, the company expects to report funds from operations per unit in the range of $3.25 to $3.45. Adjusted funds from operations per unit expected to be in the range of $2.93 to $3.13. Total operational capital is expected to be approximately $94 million. Total capital investment is expected to be $96,600,000. For the year 2015, the company expects total operational capital is expected to be $98.837 million. Total capital investment is expected to be $110.995 million. Funds from operations per unit in the range of $3.40 to $3.60. Adjusted funds from operations per unit expected to be in the range of $3.07 to $3.27. The Trust has increased its Maintenance Capital estimate to $500 per year per apartment unit, an increase of $25 per year from its previous $475 per year per apartment unit estimate.

Boardwalk Real Estate Investment Trust Approves Dividends for the Months of November 2014, December 2014 and January 2015, Payable on December 15, 2014, January 15, 2015 and February 16, 2015, Respectively; Announces Special Dividend, Payable on January 15, 2015

The Board of Trustees of Boardwalk Real Estate Investment Trust has approved the next three month's distribution of $0.170 per Trust Unit per Month. The dividends for the months of November 2014, December 2014 and January 2015 are payable on December 15, 2014, January 15, 2015 and February 16, 2015, respectively to the share holders of record on November 28, 2014, December 31, 2014 and January 30, 2015, respectively. The Board of Trustees has determined that a Special Distribution in the amount of $1.40 per outstanding Trust Unit is warranted to distribute this additional income to Unitholders and not have these funds subject to federal and provincial tax within the Trust. In accordance with the DoT, this Special Distribution will be distributed to Unitholders of record on December 31, 2014 and paid on January 15, 2015.

Boardwalk Real Estate Investment Trust to Report Q3, 2014 Results on Nov 13, 2014

Boardwalk Real Estate Investment Trust announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 13, 2014

 

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