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Boardwalk REIT (TSX: BEI.UN, OTC: BOWFF)

Boardwalk is the largest owner of apartments in Canada, concentrated in the Prairies and Southwest Ontario.


Income Investor

Despite selling at a two-thirds discount to its NAV of $63.72 a share, Boardwalk’s drop of 43.5% year to date and loss of 36% over the last 12 months makes it a Sell. Capital loss is about 12%, although total return with distributions included is about 5% per year.- Gavin Graham

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BEI.UN was first recommended here on August 23, 2006