Boardwalk Real Estate Investment Trust
Market Cap
CA$1.9b
Last Updated
2021/04/19 22:18 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value 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
Stable Share Price: BEI.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BEI.UN's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.8%
BEI.UN
-0.01%
CA REITs
0.6%
CA Market
1 Year Return
39.0%
BEI.UN
20.9%
CA REITs
38.5%
CA Market
Return vs Industry: BEI.UN exceeded the Canadian REITs industry which returned 20.9% over the past year.
Return vs Market: BEI.UN exceeded the Canadian Market which returned 38.5% over the past year.
Shareholder returns
| BEI.UN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -0.01% | 0.6% |
| 30 Day | -3.8% | 3.2% | 2.0% |
| 90 Day | 0.9% | 9.3% | 8.5% |
| 1 Year | 43.5%39.0% | 27.6%20.9% | 43.2%38.5% |
| 3 Year | -11.8%-18.5% | 23.1%4.5% | 32.0%19.2% |
| 5 Year | -19.8%-32.3% | 40.9%5.9% | 57.6%33.4% |
Long-Term 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 month ago | Simply Wall St
What Is The Ownership Structure Like For Boardwalk Real Estate Investment Trust (TSE:BEI.UN)?2 months ago | Simply Wall St
A Look At Boardwalk Real Estate Investment Trust's (TSE:BEI.UN) Share Price Returns3 months ago | Simply Wall St
Have Insiders Been Buying Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Shares This Year?Valuation
Is Boardwalk Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
28.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BEI.UN (CA$36.91) is trading below our estimate of fair value (CA$51.16)
Significantly Below Fair Value: BEI.UN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BEI.UN is unprofitable, so we can't compare its PE Ratio to the CA REITs industry average.
PE vs Market: BEI.UN is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
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 (0.6x) compared to the CA REITs industry average (0.9x).
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?
1.7%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if BEI.UN's forecast earnings growth is above the savings rate (1.5%).
Earnings vs Market: Insufficient data to determine if BEI.UN's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BEI.UN's revenue (1.7% per year) is forecast to grow slower than the Canadian market (6.7% per year).
High Growth Revenue: BEI.UN's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BEI.UN's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Boardwalk Real Estate Investment Trust performed over the past 5 years?
-3.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BEI.UN is currently unprofitable.
Growing Profit Margin: BEI.UN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BEI.UN is unprofitable, and losses have increased over the past 5 years at a rate of 3.4% per year.
Accelerating Growth: Unable to compare BEI.UN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BEI.UN is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-17.1%).
Return on Equity
High ROE: BEI.UN has a negative Return on Equity (-6.86%), as it is currently unprofitable.
Financial Health
How is Boardwalk Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: BEI.UN's short term assets (CA$85.0M) do not cover its short term liabilities (CA$540.8M).
Long Term Liabilities: BEI.UN's short term assets (CA$85.0M) do not cover its long term liabilities (CA$2.7B).
Debt to Equity History and Analysis
Debt Level: BEI.UN's debt to equity ratio (106.7%) is considered high.
Reducing Debt: BEI.UN's debt to equity ratio has increased from 77.4% to 106.7% over the past 5 years.
Debt Coverage: BEI.UN's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: BEI.UN is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Dividend
What is Boardwalk Real Estate Investment Trust current dividend yield, its reliability and sustainability?
2.74%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BEI.UN's dividend (2.71%) is higher than the bottom 25% of dividend payers in the Canadian market (1.48%).
High Dividend: BEI.UN's dividend (2.71%) is low compared to the top 25% of dividend payers in the Canadian market (4.68%).
Stability and Growth of Payments
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 (33.3%), 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 well covered by earnings (35.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
Sam Kolias (58 yo)
no data
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...
Leadership Team
Experienced Management: BEI.UN's management team is considered experienced (2 years average tenure).
Board Members
Experienced Board: BEI.UN's board of directors are considered experienced (5.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$1.883b
- Market Cap: CA$1.718b
- Shares outstanding: 51.02m
- 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
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 | 2021/04/19 22:18 |
| End of Day Share Price | 2021/04/19 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.