Boardwalk Real Estate Investment Trust
Market Cap
CA$2.3b
Last Updated
2019/10/19 23:59 UTC
Data Sources
Company Financials +
Executive Summary
Boardwalk REIT strives to be Canada's friendliest communities and currently owns and operates more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet.
Snowflake
Fundamentals
Moderate growth potential second-rate dividend payer.
Share Price & News
How has Boardwalk Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-1.2%
BEI.UN
-0.5%
CA REITs
-0.2%
CA Market
1 Year Return
-8.1%
BEI.UN
16.2%
CA REITs
1.1%
CA Market
Return vs Industry: BEI.UN underperformed the Canadian REITs industry which returned 16.2% over the past year.
Return vs Market: BEI.UN underperformed the Canadian Market which returned 1.1% over the past year.
Shareholder returns
| BEI.UN | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | -0.5% | -0.2% |
| 30 Day | 3.6% | 0.9% | -3.3% |
| 90 Day | 10.2% | 5.6% | -1.6% |
| 1 Year | -5.9%-8.1% | 22.6%16.2% | 4.6%1.1% |
| 3 Year | -1.8%-11.5% | 40.0%17.8% | 13.1%3.1% |
| 5 Year | -19.6%-35.8% | 66.2%23.7% | 24.7%6.7% |
Price Volatility Vs. Market
How volatile is Boardwalk Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What To Know Before Buying Boardwalk Real Estate Investment Trust (TSE:BEI.UN) For Its Dividend1 month ago | Simply Wall St
If You Had Bought Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Five Years Ago, You'd Be Sitting On A 36% Loss, Today2 months ago | Simply Wall St
One Metric To Rule Them All: Boardwalk Real Estate Investment Trust (TSE:BEI.UN)Valuation
Is Boardwalk Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
23.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: BEI.UN (CA$45.51) is trading below our estimate of fair value (CA$59.67)
Significantly Undervalued: BEI.UN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BEI.UN is poor value based on its PE Ratio (16.1x) compared to the REITs industry average (9.6x).
PE vs Market: BEI.UN is poor value based on its PE Ratio (16.1x) compared to the Canadian market (13.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate BEI.UN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BEI.UN is good value based on its PB Ratio (0.7x) compared to the CA REITs industry average (1x).
Next Steps
Future Growth
How is Boardwalk Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
20.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BEI.UN's forecast earnings growth (20.3% per year) is above the savings rate (1.9%).
Earnings vs Market: BEI.UN's earnings (20.3% per year) are forecast to grow faster than the Canadian market (13.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BEI.UN's revenue (4.2% per year) is forecast to grow slower than the Canadian market (5.7% per year).
High Growth Revenue: BEI.UN's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if BEI.UN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Boardwalk Real Estate Investment Trust performed over the past 5 years?
-14.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: BEI.UN's earnings have declined by -14.4% per year over the past 5 years.
Accelerating Growth: BEI.UN's earnings growth over the past year (27.6%) exceeds its 5-year average (-14.4% per year).
Earnings vs Industry: BEI.UN earnings growth over the past year (27.6%) exceeded the REITs industry 6%.
Return on Equity
High ROE: BEI.UN's Return on Equity (4.1%) is considered low.
Return on Assets
ROA vs Industry: BEI.UN's Return on Assets is below or equal to the REITs industry average last year.
Return on Capital Employed
ROCE Improving: BEI.UN's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Boardwalk Real Estate Investment Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: BEI.UN has a high level of physical assets or inventory.
Debt Coverage by Assets: BEI.UN's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: BEI.UN's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if BEI.UN has a sufficient allowance for bad loans.
Low Risk Liabilities: BEI.UN reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if BEI.UN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BEI.UN has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if BEI.UN has an appropriate level of bad loans.
Next Steps
Dividend
What is Boardwalk Real Estate Investment Trust's current dividend yield, its reliability and sustainability?
2.20%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Boardwalk Real Estate Investment Trust before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: BEI.UN's dividend (2.2%) is higher than the bottom 25% of dividend payers in the Canadian market (2.04%).
High Dividend: BEI.UN's dividend (2.2%) is low compared to the top 25% of dividend payers in the Canadian market (6.03%).
Stable Dividend: BEI.UN's dividend payments have been volatile in the past 10 years.
Growing Dividend: BEI.UN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.6%), BEI.UN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BEI.UN's dividends in 3 years are forecast to be thoroughly covered by earnings (0.7% payout ratio).
Next Steps
Management
What is the CEO of Boardwalk Real Estate Investment Trust's salary, the management and board of directors tenure and is there insider trading?
9.8yrs
Average management tenure
CEO
Sam Kolias (57yo)
0yrs
Tenure
Mr. Sam Kolias serves as the Chief Executive Officer of Boardwalk Real Estate Investment Trust and served as its President until May 2007. Mr. Kolias Co-founded Boardwalk Real Estate Investment Trust in 19 ...
Management Age and Tenure
9.8yrs
Average Tenure
Experienced Management: BEI.UN's management team is seasoned and experienced (9.8 years average tenure).
Board Age and Tenure
4.4yrs
Average Tenure
54.5yo
Average Age
Experienced Board: BEI.UN's board of directors are considered experienced (4.4 years average tenure).
Insider Trading
Insider Buying: BEI.UN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | President President |
| Shares | 37,000 |
| Max Price | CA$44.13 |
| Entity | Individual |
| Role | Head of Human Resources Vice President of Human Resources |
| Shares | 1,016 |
| Max Price | CA$44.41 |
| Entity | Individual |
| Role | Head of Corporate Development Senior Vice President of Acquisitions & Corporate Development |
| Shares | 1,000 |
| Max Price | CA$39.55 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Trustee |
| Shares | 1,455 |
| Max Price | CA$43.00 |
| Entity | Individual |
| Role | Head of Corporate Development Senior Vice President of Acquisitions & Corporate Development |
| Shares | 1,500 |
| Max Price | CA$41.00 |
| Entity | Individual |
| Role | Chief Legal Officer VP, General Counsel & Corporate Secretary |
| Shares | 7,555 |
| Max Price | CA$40.93 |
| Entity | Individual |
| Role | Head of Human Resources Vice President of Human Resources |
| Shares | 2,978 |
| Max Price | CA$41.20 |
| Entity | Individual |
| Shares | 1,348 |
| Max Price | CA$40.72 |
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 500 |
| Max Price | CA$40.75 |
| Entity | Individual |
| Shares | 903 |
| Max Price | CA$40.88 |
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 1,000 |
| Max Price | CA$41.30 |
Ownership Breakdown
Management Team
Rob Geremia
President
- Tenure: 12.4yrs
- Compensation: CA$752.55k
Sam Kolias (57yo)
Chairman & CEO
- Tenure: 0yrs
Helen Mix
Vice President of Human Resources
- Tenure: 0yrs
Lisa Russell (56yo)
Senior Vice President of Acquisitions & Corporate Development
- Tenure: 3.3yrs
- Compensation: CA$469.11k
Paul Moon
Director of Corporate Communications
- Tenure: 0yrs
P. Burns
VP, General Counsel & Corporate Secretary
- Tenure: 9.8yrs
- Compensation: CA$462.42k
William Wong
Chief Financial Officer
- Tenure: 12.4yrs
- Compensation: CA$488.59k
James Ha
Vice President of Finance & Investor Relations
- Tenure: 0yrs
Bhavnesh Jaraim
CIO & VP of Technology
- Tenure: 1.8yrs
Lisa Smandych
Chief Accounting Officer
- Tenure: 0yrs
Board Members
Sam Kolias (57yo)
Chairman & CEO
- Tenure: 0yrs
Brian Robinson (62yo)
Independent Trustee
- Tenure: 2.4yrs
- Compensation: CA$189.29k
Gary Goodman (76yo)
Independent Trustee
- Tenure: 10.4yrs
- Compensation: CA$228.14k
Art Havener (52yo)
Independent Lead Trustee
- Tenure: 0yrs
- Compensation: CA$269.30k
Scott Morrison
Independent Trustee
- Tenure: 1.4yrs
- Compensation: CA$113.11k
Samantha Kolias-Gunn (31yo)
- Tenure: 6.4yrs
- Compensation: CA$121.71k
Andrea Goertz (51yo)
Independent Trustee
- Tenure: 0.4yrs
Company Information
Boardwalk Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Boardwalk Real Estate Investment Trust
- Ticker: BEI.UN
- Exchange: TSX
- Founded: 1993
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: CA$2.341b
- Market Cap: CA$2.112b
- Shares outstanding: 50.88m
- Website: https://www.bwalk.com
Number of Employees
Location
- Boardwalk Real Estate Investment Trust
- First West Professional Building
- Suite 200, 1501
- Calgary
- Alberta
- T2R 0W1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BEI.UN | TSX (The Toronto Stock Exchange) | Yes | Boardwalk REIT Units | CA | CAD | Jan 1994 |
| BOWF.F | OTCPK (Pink Sheets LLC) | Yes | Boardwalk REIT Units | US | USD | Jan 1994 |
Biography
Boardwalk REIT strives to be Canada's friendliest communities and currently owns and operates more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet. ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 23:59 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.