Boardwalk Real Estate Investment Trust

Real Estate US BOWFF

46.82USD
-(-%)

Last update at 2025-05-15T20:00:00Z

Day Range

46.6946.69
LowHigh

52 Week Range

35.2755.63
LowHigh

Fundamentals

  • Previous Close 46.82
  • Market Cap2605.84M
  • Volume53
  • P/E Ratio6.41
  • Dividend Yield1.59%
  • EBITDA272.80M
  • Revenue TTM531.06M
  • Revenue Per Share TTM11.61
  • Gross Profit TTM 288.41M
  • Diluted EPS TTM8.35

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 283.17M 446.16M -197.35100M 34.03M 193.22M
Minority interest - - - 0.00000M 0.00000M
Net income 283.10M 446.27M -197.27900M 34.78M 193.20M
Selling general administrative 36.41M 35.67M 39.32M 40.91M 37.81M
Selling and marketing expenses - - - - -
Gross profit 288.66M 274.34M 269.14M 258.79M 226.03M
Reconciled depreciation 7.78M 7.81M 8.20M 8.81M 6.75M
Ebit 260.14M 122.98M 268.31M 162.29M 196.70M
Ebitda 267.92M 130.79M 276.50M 171.10M 203.46M
Depreciation and amortization 7.78M 7.81M 8.20M 8.81M 6.75M
Non operating income net other - - - 0.00000M 0.00000M
Operating income 260.14M 122.98M 268.31M 162.29M 226.03M
Other operating expenses 250.34M 239.67M 243.95M 246.24M 253.15M
Interest expense 85.06M 78.69M 81.71M 78.94M 71.80M
Tax provision 0.08M -0.11000M -0.07200M -0.75400M 0.02M
Interest income 0.94M 0.33M 0.76M 1.34M 2.21M
Net interest income -96.08600M -89.74900M -91.62200M -88.19800M -80.58600M
Extraordinary items - - - 0.00000M 0.00000M
Non recurring - - - 0.00000M 0.00000M
Other items - - - 0.00000M 0.00000M
Income tax expense 0.08M -0.11000M -0.07200M -0.75400M 0.02M
Total revenue 494.81M 470.53M 465.57M 455.31M 434.62M
Total operating expenses 44.20M 43.48M 47.52M 49.72M 44.57M
Cost of revenue 206.15M 196.19M 196.43M 196.52M 208.58M
Total other income expense net 23.04M 323.18M -465.65700M -128.26500M 92.34M
Discontinued operations - - - 0.00000M 0.00000M
Net income from continuing ops 283.10M 446.27M -197.27900M 34.78M 193.20M
Net income applicable to common shares 283.10M 446.27M -197.27900M 34.78M 193.20M
Preferred stock and other adjustments - - - 0.00000M 0.00000M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 7067.27M 6660.65M 6107.74M 6276.38M 6109.09M
Intangible assets - - - 0.00000M 0.00000M
Earning assets - - - - -
Other current assets 24.60M 14.30M 13.81M -0.03400M 18.45M
Total liab 3600.28M 3407.47M 3231.30M 3158.33M 2982.41M
Total stockholder equity 3467.00M 3253.18M 2876.45M 3118.05M 3126.68M
Deferred long term liab - - - 0.00000M 0.00000M
Other current liab 14.06M 12.02M 10.61M 10.95M 10.64M
Common stock 211.90M 214.69M 202.51M 200.27M 197.22M
Capital stock 211.90M 214.69M 202.51M 200.27M 197.22M
Retained earnings 3255.10M 3038.49M 2673.94M 2917.79M 2929.47M
Other liab 7.93M 8.79M 6.75M 7.71M 7.75M
Good will - - - 0.00000M 0.00000M
Other assets 0.86M 1.20M 4.58M 3.46M 38.54M
Cash 52.82M 64.30M 52.96M 35.17M 38.09M
Cash and equivalents - - - - -
Total current liabilities 584.94M 606.13M 540.85M 453.02M 674.87M
Current deferred revenue 12.74M 11.51M 11.18M 11.23M 12.41M
Net debt 3241.74M 3015.41M 2948.89M 2835.23M 2681.11M
Short term debt 508.35M 532.52M 469.14M 378.33M 588.61M
Short long term debt 504.95M 528.61M 465.30M 374.67M 588.61M
Short long term debt total 3294.55M 3079.72M 3001.85M 2870.39M 2719.20M
Other stockholder equity - - - 0.00000M 0.00000M
Property plant equipment 6932.10M 6522.85M 5981.14M 6183.77M 5975.43M
Total current assets 90.14M 93.47M 85.03M 61.95M 106.34M
Long term investments 44.17M 43.14M 36.99M 27.20M 20.38M
Net tangible assets 3467.00M 3253.18M 2876.45M 3118.05M 3126.68M
Short term investments - - - 0.00000M 0.00000M
Net receivables 4.96M 6.85M 11.83M 4.37M 39.81M
Long term debt 2709.60M 2471.01M 2452.68M 2381.69M 2130.59M
Inventory 7.76M 8.02M 6.44M 8.26M 9.99M
Accounts payable 49.79M 50.08M 49.92M 52.51M 63.22M
Total permanent equity - - - 0.00000M 0.00000M
Noncontrolling interest in consolidated entity - - - 0.00000M 0.00000M
Temporary equity redeemable noncontrolling interests - - - 0.00000M 0.00000M
Accumulated other comprehensive income - - - 0.00000M 0.00000M
Additional paid in capital - - - 0.00000M 0.00000M
Common stock total equity - - - 0.00000M 0.00000M
Preferred stock total equity - - - 0.00000M 0.00000M
Retained earnings total equity - - - 0.00000M 0.00000M
Treasury stock - - - 0.00000M 0.00000M
Accumulated amortization - - - 0.00000M 0.00000M
Non currrent assets other 6900.74M 6493.24M 5952.71M 6150.19M 5950.85M
Deferred long term asset charges - - - 0.00000M 0.00000M
Non current assets total 6977.13M 6567.18M 6022.71M 6214.44M 6002.75M
Capital lease obligations 80.00M 80.09M 83.87M 114.03M 0.00000M
Long term debt total - - - 0.00000M 0.00000M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -197.05800M -6.15100M -9.78100M -16.69100M -10.51400M
Change to liabilities 1.42M 0.85M -1.54500M 13.94M -8.86900M
Total cashflows from investing activities -197.05800M -137.87700M -217.03600M -198.88700M -207.32600M
Net borrowings 113.31M 68.04M 154.66M 51.07M 128.27M
Total cash from financing activities 24.67M -12.64300M 93.75M 35.22M 67.27M
Change to operating activities -9.06500M -0.16300M 0.28M 3.13M -1.31600M
Net income 283.10M 446.27M -197.27900M 34.78M 193.20M
Change in cash -11.48400M 11.34M 17.79M -2.92000M -32.74800M
Begin period cash flow 64.30M 52.96M 35.17M 38.09M 70.83M
End period cash flow 52.82M 64.30M 52.96M 35.17M 38.09M
Total cash from operating activities 160.90M 161.86M 141.08M 160.74M 107.30M
Issuance of capital stock - - - - -
Depreciation 7.78M 7.81M 8.20M 8.81M 6.75M
Other cashflows from investing activities -0.79400M 2.79M -0.32400M -14.48300M -1.10200M
Dividends paid -52.74600M -46.58700M -46.56400M -46.45600M 51.22M
Change to inventory 0.25M -1.57400M 1.82M 1.73M 4.88M
Change to account receivables 1.51M 5.02M -6.80400M 3.84M -4.33400M
Sale purchase of stock -21.67100M -24.04900M - 0.00000M 0.00000M
Other cashflows from financing activities 338.49M -10.04300M 276.52M 189.81M 211.49M
Change to netincome -131.28800M -303.25300M 330.21M 88.39M -90.86500M
Capital expenditures 129.35M 127.00M 4.96M 5.63M 8.01M
Change receivables - - - 0.00000M 0.00000M
Cash flows other operating - - - 0.00000M 0.00000M
Exchange rate changes - - - 0.00000M 0.00000M
Cash and cash equivalents changes - - - 0.00000M 0.00000M
Change in working capital -5.87800M 4.13M -6.24300M 22.65M -6.20900M
Stock based compensation 2.56M 2.39M 3.25M 2.27M -74.30100M
Other non cash items -126.73000M -298.62900M 333.23M 92.99M -12.16300M
Free cash flow 31.55M 34.86M 136.12M 155.11M 99.30M

Peer Comparison

Sector: Real Estate Industry: REIT - Residential

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
BOWFF
Boardwalk Real Estate Investment Trust
- -% 46.82 6.41 18.59 4.88 0.89 9.56 8.32
AVB
AvalonBay Communities Inc
2.35 1.14% 207.93 31.01 41.84 11.03 2.71 13.98 19.11
EQR
Equity Residential
0.62 0.88% 71.48 35.33 38.31 8.20 2.12 10.94 13.97
INVH
Invitation Homes Inc
0.23 0.68% 34.26 42.22 44.44 8.97 2.05 12.04 19.45
SUI
Sun Communities Inc
0.91 0.75% 122.12 73.72 58.48 5.47 2.11 7.63 19.90

Reports Covered

Stock Research & News

Profile

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 33,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives. Our three-tiered and distinct brands: Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle, cater to a large diverse demographic and has evolved to capture the life cycle of all Resident Members. Boardwalk's disciplined approach to capital allocation, acquisition, development, purposeful re-positioning, and management of apartment communities allows the Trust to provide its brand of community across Canada creating exceptional Resident Member experiences. Differentiated by its peak performance culture, Boardwalk is committed to delivering exceptional service, product quality and experience to our Resident Members who reward us with high retention and market leading operating results, which in turn, lead to higher free cash flow and investment returns, stable monthly distributions, and value creation for all our stakeholders. Boardwalk REIT's Trust Units are listed on the Toronto Stock Exchange, trading under the symbol BEI.UN.

Boardwalk Real Estate Investment Trust

First West Professional Building, Calgary, AB, Canada, T2R 0W1

Key Executives

Name Title Year Born
Mr. Sam Kolias Chairman & CEO 1962
Mr. James Ha Pres NA
Ms. Lisa Smandych Chief Financial Officer NA
Mr. Bhavnesh Jaraim Chief Information Officer & VP of Technology NA
Ms. Helen Mix VP of People NA
Ms. Leonora Heloise Davids Sr. VP of Operations NA
Mr. John Eric Bowers C.F.A. VP of Fin. & Investor Relations NA
Mr. Paul Moon Director of Corp. Communications NA
Mr. Van Kolias Sr. VP of Quality Control NA
Mr. Jeffrey Klaus VP of Asset Management & Devel. NA

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