Boardwalk Real Estat Invstmnt Trst (USA) (PK:BOWFF)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| Company Contact | |
| Address: | 200, 1501 - 1st Street S.W. CALGARY AB T2R 0W1 |
| Tel: | N/A |
| Website: | https://www.bwalk.com |
| IR: | See website |
| Key People | ||
| Sam Kolias Chairman of the Board of Trustees, Chief Executive Officer, Trustee | Boyd Belisle Vice President - Community & Culture | James Ha President |
| Lisa Smandych Chief Financial Officer | Samantha Adams Senior Vice President - Investments | Leonora Davids Senior Vice President - Operations |
| Van Kolias Senior Vice President - Quality Control | Bhavnesh Jaraim Chief Information Officer, Vice President - Technology | John Eric Bowers Vice President - Finance, Director of Investor Relations | Helen Mix Vice President - People |
| Business Overview |
| Boardwalk Real Estate Investment Trust (Trust) is a Canada-based open-ended real estate investment trust, which owns/operates multi-family rental communities. It provides homes in more than 200 communities, with over 33,000 residential suites totaling over 29 million net rentable square feet. Its brands include Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle. Its three-tiered brands, namely Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle, caters to a diverse demographic. Its objectives are to provide Resident Members with superior quality rental communities and the best tenant/customer service, provide its holders of Trust Units with stable monthly cash distributions, and to increase the value of the Trust Units through the effective management of its residential multi-family revenue producing properties, renovations and upgrades to its current portfolio, and the acquisition and/or development of additional, accretive properties or interests therein. |
| Financial Overview |
| For the three months ended 31 March 2024, Boardwalk Real Estat Invstmnt Trst (USA) revenues increased 11% to C$145.2M. Net income increased 39% to C$307.7M. Revenues reflect Lease revenue segment increase of 11% to C$138.6M, FFO per Share (Basic) increase of 20% to C$0.95. Net income benefited from Net Operating Income (NOI)- Alberta increase of 18% to C$56.5M, Fair value gains- Investment properties increase of 38% to C$291.4M (income). |
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