- Boardwalk REIT reported rental revenue of C$155.6 million for the fourth quarter, an increase of 9.7% compared to the previous year.
- The rental revenue slightly missed the estimate of C$156.1 million.
- Funds from operations (FFO) per unit were C$1.08, up from C$0.96 the previous year, meeting the estimate of C$1.08.
- Same-property occupancy rate was 98%, compared to 98.9% the previous year, but exceeded the estimate of 97.3%.
- The Trust expects its FFO to improve in 2025, driven by revenue growth and better management of controllable expenses.
- Boardwalk REIT introduced its financial guidance for 2025, maintaining confidence in cash flow growth throughout the year.
- Analyst recommendations for the Trust include 7 buys and 3 holds, with no sell recommendations noted.
A look at Boardwalk Real Estate Investme Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
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 is poised for a promising long-term future, as reflected in its Smartkarma Smart Scores. With top marks in Value and Growth, the company is positioned well for sustained success in the real estate investment sector. Its robust value score indicates strong fundamentals and attractiveness to investors seeking undervalued opportunities. Additionally, a high growth score signifies the potential for significant expansion and profitability in the coming years, making Boardwalk Real Estate Investme a compelling choice for long-term investors.
However, the company’s scores in Resilience and Momentum are lower, highlighting areas where improvements may be needed to enhance its overall performance. Despite these challenges, Boardwalk Real Estate Investme‘s solid foundation in the acquisition, development, and management of multi-family communities in Canada underscores its importance in the real estate market. As the company continues to leverage its strengths and address areas of weakness, it remains a key player to watch in the evolving real estate investment landscape.
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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