TSX:BEI.UNResidential REITs
Boardwalk REIT (TSX:BEI.UN) Profit Margin Decline Raises Sustainability Concerns Despite One-Off Gain
Boardwalk Real Estate Investment Trust (TSX:BEI.UN) reported revenue growth forecasted at 4.4% per year, trailing the Canadian market average of 5.1% per year. Net profit margins now stand at 52.1%, a drop from the previous year, with the most recent results reflecting a sizable one-off gain of CA$96.8 million that clouds direct comparisons. While earnings have climbed by an average of 36.5% per year over the past five years, investors will want to look past headline numbers due to one-off...