- Boardwalk REIT has increased its full-year Funds from Operations (FFO) per unit forecast to between C$4.48 and C$4.63, previously forecasted at C$4.35 to C$4.60.
- The estimated FFO per unit is C$4.52.
- Forecasted same property Net Operating Income (NOI) change is now between +8% and +10%, up from the prior range of +5.5% to +8.5%.
- For the second quarter:
- Boardwalk REIT reported rental revenue of C$157.3 million, marking a 5.5% increase year-over-year, slightly below the estimate of C$158 million.
- FFO per unit came in at C$1.16, compared to C$1.04 year-over-year, surpassing the estimate of C$1.14.
- Same-property occupancy was 97.9%, a bit lower than the previous year’s 98.7%, but higher than the estimated 97.1%.
- The company attributes its positive performance to the strength of its operational platform and outstanding team.
- Analyst ratings include 7 buys, 3 holds, and no sells.
A look at Boardwalk Real Estate Investme Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Boardwalk Real Estate Investment Trust, a company specializing in the acquisition, development, and management of multi-family communities in Canada, is positioned for a promising long-term outlook based on its Smartkarma Smart Scores analysis. With a high Value score of 5, the company demonstrates strong fundamentals and attractive valuation metrics. Additionally, Boardwalk Real Estate Investment Trust receives solid scores across various factors including Dividend, Growth, Resilience, and Momentum, indicating a well-rounded performance across key areas that are essential for sustained growth and stability.
Considering the overall Smartkarma Smart Scores for Boardwalk Real Estate Investment Trust, investors can have confidence in the company’s long-term potential within the real estate sector. While displaying remarkable value and positive momentum, coupled with consistent growth and resilience, the company appears well-positioned to deliver solid returns to its stakeholders over the long run. With a balanced scorecard reflecting strengths in multiple critical areas, Boardwalk Real Estate Investment Trust presents itself as a compelling investment opportunity for those seeking stability and growth in the real estate market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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