Boardwalk Real Estate Investment Trust BEI.UN

Morningstar Rating
CAD 80.97 −1.57 (1.90%)
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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 within a range we consider fairly valued.
Price
CAD 80.94
Fair Value
CAD 86.67
Uncertainty
High
1-Star Price
CAD 388.30
5-Star Price
CAD 88.11
Economic Moat
Slqlp
Capital Allocation

News

Trading Information

Previous Close Price
CAD 82.54
Day Range
CAD 80.4882.83
52-Week Range
CAD 63.1991.81
Bid/Ask
CAD 80.43 / CAD 82.00
Market Cap
CAD 4.36 Bil
Volume/Avg
187,298 / 131,389

Key Statistics

Price/Earnings (Normalized)
20.47
Price/Sales
7.03
Dividend Yield (Trailing)
1.64%
Dividend Yield (Forward)
1.78%
Total Yield
1.64%

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
NRR.UN
AX.UN
Price/Earnings (Normalized)
20.473.8211.33
Price/Book Value
0.920.810.56
Price/Sales
7.032.502.64
Price/Cash Flow
18.8411.8211.65
Price/Earnings
BEI.UN
NRR.UN
AX.UN

Financial Strength

Metric
BEI.UN
NRR.UN
AX.UN
Quick Ratio
0.190.040.04
Current Ratio
0.230.100.78
Interest Coverage
7.442.91−1.18
Quick Ratio
BEI.UN
NRR.UN
AX.UN

Profitability

Metric
BEI.UN
NRR.UN
AX.UN
Return on Assets (Normalized)
13.17%6.61%−5.64%
Return on Equity (Normalized)
24.73%22.29%−13.26%
Return on Invested Capital (Normalized)
14.86%10.42%−3.65%
Return on Assets
BEI.UN
NRR.UN
AX.UN

REIT - Residential Industry Comparables

1-Day Chart
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Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
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ESS
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MAA
Rbrdk$18.1 Bil
Sun Communities Inc
SUI
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UDR Inc
UDR
Xfj$14.7 Bil
American Homes 4 Rent Class A
AMH
Ktw$14.1 Bil
Equity Lifestyle Properties Inc
ELS
BctgmxhZjkv$12.9 Bil
Camden Property Trust
CPT
Vdzl$12.9 Bil

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