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Boardwalk Real Estate Investment Trust BEI.UN

Morningstar Rating
CAD 73.09 −0.16 (0.22%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

BEI.UN is trading at a 18% discount.
Price
CAD 74.34
Fair Value
CAD 78.72
Uncertainty
High
1-Star Price
CAD 375.23
5-Star Price
CAD 14.00
Economic Moat
Thw
Capital Allocation
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News

Trading Information

Previous Close Price
CAD 73.25
Day Range
CAD 73.0973.85
52-Week Range
CAD 57.1480.10
Bid/Ask
CAD 73.00 / CAD 73.47
Market Cap
CAD 3.94 Bil
Volume/Avg
70,190 / 120,805

Key Statistics

Price/Earnings (Normalized)
19.74
Price/Sales
6.14
Dividend Yield (Trailing)
1.63%
Dividend Yield (Forward)
1.97%
Total Yield
1.63%

Company Profile

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company's cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT's total residential suites. The company derives substantially all of its income in the form of rental revenue from leasing its properties to tenants under short-term agreements. Boardwalk REIT's assets in Alberta contribute the majority of this revenue.
Sector
Real Estate
Industry
REIT - Residential
Stock Style Box
Mid Growth
Total Number of Employees
1,558

Comparables

Valuation

Metric
BEI.UN
IIP.UN
CAR.UN
Price/Earnings (Normalized)
19.7419.9617.65
Price/Book Value
0.910.690.77
Price/Sales
6.147.366.84
Price/Cash Flow
17.5019.1118.08
Price/Earnings
BEI.UN
IIP.UN
CAR.UN

Financial Strength

Metric
BEI.UN
IIP.UN
CAR.UN
Quick Ratio
0.560.010.10
Current Ratio
0.610.030.19
Interest Coverage
7.712.52−1.38
Quick Ratio
BEI.UN
IIP.UN
CAR.UN

Profitability

Metric
BEI.UN
IIP.UN
CAR.UN
Return on Assets (Normalized)
8.96%1.82%−2.33%
Return on Equity (Normalized)
17.54%3.12%−4.19%
Return on Invested Capital (Normalized)
10.74%2.92%−1.39%
Return on Assets
BEI.UN
IIP.UN
CAR.UN
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REIT - Residential Industry Comparables

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Capital Allocation
Economic Moat
Market Cap
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EQR
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INVH
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ESS
Essex Property Trust IncGlqkdbtRpyzg$15.9 Bil
MAA
Mid-America Apartment Communities IncCrpkr$15.1 Bil
SUI
Sun Communities IncXjdmnywdXrrc$14.8 Bil
AMH
American Homes 4 Rent Class ABbnh$13.3 Bil
UDR
UDR IncCjslw$12.2 Bil
ELS
Equity Lifestyle Properties IncKfjsmzdwsSgqkq$11.5 Bil
AIRC
Apartment Income REIT Corp Class AGwxdbwxzYxs$5.6 Bil

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