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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


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.UNIndustryMarket
7 Day-0.8%-0.01%0.6%
30 Day-3.8%3.2%2.0%
90 Day0.9%9.3%8.5%
1 Year43.5%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

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

TodayApr 19 2021Ex Dividend DateApr 29 2021Dividend Pay DateMay 17 202118 days from Ex DividendBuy in the next 9 days to receive the upcoming dividend

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/19 22:18
End of Day Share Price2021/04/19 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.