Boardwalk REIT Reports Strong Q2 2026 Financial Results
Boardwalk Real Estate Investment Trust (TSX: BEI.UN) reported resilient financial performance for the second quarter of 2026, with Funds From Operations rising to $1.19 per Unit and Net Operating Income reaching $107.2 million—a year-over-year increase in both metrics. Same Property NOI also grew by 1.7%, reflecting stable occupancy at 97%. Over six months, FFO increased by 5% compared to the same period a year ago. The Trust continues to benefit from strong demand for affordable housing, particularly in Edmonton where rents remain competitive across Canada. Strategic capital allocation included the sale of non-core properties and ongoing unit repurchases under its Normal Course Issuer Bid program. The REIT also announced a strategic co-ownership with DGAM Canadian Private Real Estate Fund to support future growth. Boardwalk reaffirmed its 2026 financial guidance, maintaining an FFO range between $4.60 and $4.80 per Unit while reporting strong liquidity of approximately $374.8 million at quarter-end.
Topics: funds_from_operations net_operating_income occupancy_rates real_estate