Boardwalk REIT (TSE:BEI.UN) has released an update.
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Boardwalk REIT reports strong demand for its affordable rental housing with occupancy rates consistently high, reaching 98.1% in October 2024. Occupied rents average $1,485 per month, significantly below the Canadian average, indicating a substantial value proposition for renters. The company maintains a strategic approach to rent adjustments, ensuring high occupancy and revenue growth, while planning to announce its third-quarter financial results on November 5, 2024.
For further insights into TSE:BEI.UN stock, check out TipRanks’ Stock Analysis page.