Boardwalk REIT (BOWFF) Stock Price & Analysis
BOWFF Stock Chart & Stats
- Day’s Range
- $44.12 - $44.21
- 52-Week Range
- $42.00 - $51.00
- Previous Close
- $43.85
- Volume
- 368
- Average Volume (3M)
- 6,556
- Market Cap
- $2.18B
- Enterprise Value
- $6.51B
- Total Cash (Recent Filing)
- $128.99M
- Total Debt (Recent Filing)
- $3.60B
- Price to Earnings (P/E)
- ―
- Beta
- 0.33
- Next Earnings
- Nov 03, 2026 (Est.)
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- Nov 30, 2026
- Dividend Yield
- 2.84%
Bulls Say, Bears Say
Bulls Say
Steady Revenue And Margin Profile
Steady revenue growth combined with durable gross margins indicates that Boardwalk’s rental portfolio continues to generate resilient operating economics. This supports recurring earnings capacity and gives management a foundation to absorb cost pressure while funding property improvements and resident services.
Improving Cash Generation
The sustained increase in operating cash flow and consistently positive free cash flow strengthen Boardwalk’s ability to maintain properties, fund selective growth, and meet financial obligations internally. This recurring cash generation is a durable support for capital allocation and balance-sheet resilience.
High Occupancy And Affordable Positioning
Very high occupancy and rents below the cited Canadian average support demand for Boardwalk’s affordable rental offering. This positioning can help preserve resident retention and leasing volumes across changing market conditions, while providing a platform for measured same-property revenue growth.
Bears Say
Volatile Reported Profitability
The move to a TTM net loss and negative ROE reduces the consistency and usefulness of reported earnings as a measure of underlying performance. Fair-value or other non-operating movements can create volatility, complicating capital planning and weakening confidence in near-term accounting profitability.
Elevated Leverage And Modest Coverage
Although leverage improved, debt-to-EBITDA remains elevated and interest coverage is modest, leaving cash flows sensitive to financing costs and refinancing conditions. This can constrain flexibility for acquisitions, renovations, or distributions if operating performance weakens or debt costs rise.
Rising Costs And Softer Leasing Conditions
Higher repairs, bad debt, and property taxes are pressuring property-level economics, while increased vacancy loss and incentives signal a more competitive rental environment. If these conditions persist, they could limit NOI growth and reduce the benefit of otherwise stable occupancy.
Boardwalk REIT News
Boardwalk REIT Boosts Unit Buybacks After $189 Million in Property Sales
Boardwalk REIT ( ($TSE:BEI.UN) ) has shared an announcement. Boardwalk REIT reported that its same-property portfolio occupancy remained high, hovering around 97% through early 2026, while average occupied rent continued
BOWFF FAQ
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Boardwalk REIT Stock Smart Score
Company Description
Boardwalk REIT
Boardwalk Real Estate Investment Trust (REIT) is dedicated to fostering Canada's most welcoming residential communities. As a prominent owner and operator, it oversees more than 200 properties, comprising over 33,000 housing units and spanning upwards of 28 million square feet of rentable space. The company's primary goals revolve around delivering excellent living environments and outstanding service to its residents. Simultaneously, it strives to provide its Unitholders with consistent monthly dividends and enhance the worth of their investment units through strategic acquisitions, divestitures, new developments, and efficient property management. This vertically integrated REIT is recognized as a leading force in Canada's multi-family housing sector, with properties located across Alberta, Saskatchewan, Ontario, and Quebec. Its Trust units are publicly traded on the Toronto Stock Exchange under the ticker symbol BEI.UN.
- Sector
- Realestate
- Industry
- REIT - Residential
- CEO
- Sam Kolias
- Employees
- 1,590
- Website
- www.bwalk.com
- Address
- First West Professional Building, Calgary, AB, T2R 0W1, CA
Boardwalk REIT (BOWFF) Earnings & Revenues
BOWFF Company Deck
BOWFF Earnings Call
Earnings Call SentimentPositive
The call emphasized operational resilience and strategic capital allocation: high occupancy (97%), positive same-property revenue and NOI growth (+1.7% YOY), accretive NCIB activity ($204M repurchased) and a significant institutional co-ownership with Desjardins that validates portfolio quality. Management reiterated guidance and highlighted improved liquidity and mortgage execution. Challenges noted include a slight decline in absolute FFO due to disposals, a decrease in total fair value to $8.4B, rising specific operating costs (rents, repairs, bad debt, property taxes), increased vacancy loss/incentives and moderately elevated leverage (debt-to-EBITDA 9.3x). Overall, positive operational momentum and disciplined capital deployment appear to outweigh the headwinds.
View all BOWFF earnings summariesBOWFF Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 12 | 5 | 5 |
| Technical Analysis | 4 | 5 | 1 |
| Moving Averages | 8 | 0 | 4 |
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