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.
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: BOWF.F's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BOWF.F underperformed the US REITs industry which returned -10.6% over the past year.
Return vs Market: BOWF.F underperformed the US Market which returned 7.1% over the past year.
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
No news available
Is Boardwalk Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BOWF.F ($21.67) is trading above our estimate of fair value ($17.73)
Significantly Below Fair Value: BOWF.F is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BOWF.F is good value based on its PE Ratio (13.7x) compared to the REITs industry average (27.2x).
PE vs Market: BOWF.F is good value based on its PE Ratio (13.7x) compared to the US market (15.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BOWF.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BOWF.F is good value based on its PB Ratio (0.4x) compared to the US REITs industry average (1.4x).
How is Boardwalk Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if BOWF.F's forecast earnings growth is above the savings rate (2.2%).
Earnings vs Market: Insufficient data to determine if BOWF.F's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BOWF.F's revenue (1.1% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: BOWF.F's revenue (1.1% 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 BOWF.F's Return on Equity is forecast to be high in 3 years time
How has Boardwalk Real Estate Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BOWF.F has a large one-off loss of CA$26.2M impacting its March 31 2020 financial results.
Growing Profit Margin: BOWF.F's current net profit margins (21.9%) are lower than last year (26.5%).
Past Earnings Growth Analysis
Earnings Trend: BOWF.F's earnings have grown by 18.6% per year over the past 5 years.
Accelerating Growth: BOWF.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BOWF.F had negative earnings growth (-13.7%) over the past year, making it difficult to compare to the REITs industry average (5.3%).
Return on Equity
High ROE: BOWF.F's Return on Equity (3.2%) is considered low.
How is Boardwalk Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: BOWF.F's short term assets (CA$60.5M) do not cover its short term liabilities (CA$483.8M).
Long Term Liabilities: BOWF.F's short term assets (CA$60.5M) do not cover its long term liabilities (CA$2.6B).
Debt to Equity History and Analysis
Debt Level: BOWF.F's debt to equity ratio (90.8%) is considered high.
Reducing Debt: BOWF.F's debt to equity ratio has increased from 71.1% to 90.8% over the past 5 years.
Debt Coverage: BOWF.F's debt is not well covered by operating cash flow (5.2%).
Interest Coverage: BOWF.F's interest payments on its debt are not well covered by EBIT (2.4x coverage).
What is Boardwalk Real Estate Investment Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BOWF.F's dividend (3.37%) is higher than the bottom 25% of dividend payers in the US market (1.71%).
High Dividend: BOWF.F's dividend (3.37%) is low compared to the top 25% of dividend payers in the US market (4.54%).
Stability and Growth of Payments
Stable Dividend: BOWF.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: BOWF.F's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.6%), BOWF.F's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BOWF.F's dividends in 3 years are forecast to be thoroughly covered by earnings (0.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sam Kolias (57yo)
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 ...
|Chairman & CEO||no data||no data||no data|
|Chief Financial Officer||13yrs||CA$714.66k||0.11% CA$1.2m|
|Senior Vice President of Acquisitions & Corporate Development||3.83yrs||CA$717.37k||0.030% CA$331.6k|
|Chief Accounting Officer||no data||no data||no data|
|CIO & VP of Technology||2.33yrs||no data||no data|
|Vice President of Finance & Investor Relations||no data||no data||no data|
|Director of Corporate Communications||no data||no data||no data|
|Vice President of Human Resources||no data||no data||0.012% CA$130.4k|
|Senior Vice President of Quality Control||no data||no data||no data|
|Vice President Western Canada Operations||no data||no data||no data|
Experienced Management: BOWF.F's management team is considered experienced (3.8 years average tenure).
|Chairman & CEO||no data||no data||no data|
|Independent Trustee||3yrs||CA$223.28k||0.035% CA$392.1k|
|Independent Trustee||11yrs||CA$268.95k||0.062% CA$684.5k|
|Independent Lead Trustee||no data||CA$338.34k||0.060% CA$670.4k|
|Independent Trustee||2yrs||CA$233.46k||0.026% CA$285.7k|
|Independent Trustee||1yr||CA$85.63k||0.0031% CA$34.7k|
Experienced Board: BOWF.F's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BOWF.F insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Boardwalk Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
- Name: Boardwalk Real Estate Investment Trust
- Ticker: BOWF.F
- Exchange: OTCPK
- Founded: 1993
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: CA$1.527b
- Market Cap: CA$1.011b
- Listing Market Cap: CA$1.108b
- Shares outstanding: 51.02m
- Website: https://www.bwalk.com
Number of Employees
- Boardwalk Real Estate Investment Trust
- First West Professional Building
- Suite 200, 1501
- T2R 0W1
|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|
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. Boardwalk's principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its trust units through selective acquisitions, dispositions, development, and effective management of its residential multi-family communities. Boardwalk REIT is vertically integrated and is Canada's leading owner/operator of multi-family communities bringing Residents home to properties located in Alberta, Saskatchewan, Ontario, and Quebec. Boardwalk REIT's Trust units are listed on the Toronto Stock Exchange, trading under the symbol BEI.UN.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/29 02:59|
|End of Day Share Price||2020/05/27 00:00|
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.