Boardwalk REIT ( ($TSE:BEI.UN) ) has provided an update.
Boardwalk REIT has announced the successful acquisition of Elbow 5 Eight, a 255-suite residential community in Calgary, for $93 million. This acquisition is expected to enhance the company’s portfolio by adding a modern, well-located property, potentially increasing value for stakeholders. The company also reported strong occupancy rates and rising rents, indicating robust demand for affordable housing. Boardwalk REIT will release its first-quarter financial results on May 6, 2025, with a teleconference scheduled for the following day to discuss these results.
More about Boardwalk REIT
Boardwalk REIT is a leading provider of multi-family residential communities in Canada, offering homes in over 200 communities with approximately 34,000 residential suites. The company focuses on creating friendly and desirable living environments, making it a top choice for residents and investors in the multi-family housing sector.
YTD Price Performance: 4.70%
Average Trading Volume: 7,480
Technical Sentiment Signal: Hold
Current Market Cap: $2.49B
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