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The latest update is out from Boardwalk REIT ( ($TSE:BEI.UN) ).
Boardwalk REIT has announced a strategic update, highlighting continued strong performance in leasing and rent occupancy, as well as progress in capital recycling initiatives. The Trust recently completed the sale of three properties in Edmonton for approximately $79.95 million, reallocating capital to enhance its portfolio quality and leverage attractive market conditions. This move is part of Boardwalk’s broader strategy to maintain high occupancy rates and affordable rents, thereby strengthening its market position and delivering value to stakeholders.
More about Boardwalk REIT
Boardwalk Real Estate Investment Trust (REIT) operates in the real estate investment industry, focusing on residential rental properties. The company primarily engages in managing and leasing multi-family residential communities across Canada, with a strong emphasis on providing affordable housing options relative to the market average.
YTD Price Performance: 0.88%
Average Trading Volume: 876
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.44B
For a thorough assessment of BEI.UN stock, go to TipRanks’ Stock Analysis page.
