Boardwalk REIT (BEI.UN) Facts

Is Boardwalk REIT's distribution safe?

Boardwalk REIT (BEI.UN) currently screens as covered under REIT Stack's deterministic distribution-safety methodology using extraction-period inputs as of March 31, 2026. The public inputs on this sheet show AFFO payout ratio 42.4% and FFO payout ratio 36.4% from that extraction period, plus Distribution Yield 2.59% from the public market snapshot as of August 25, 2026; the engine driver summary is AFFO payout 42%: Comfortably covered by adjusted cash flow. This verdict is a screening signal, not a credit rating or investment recommendation.

Distribution-safety methodology

Is Boardwalk REIT trading below Reported NAV?

Boardwalk REIT (BEI.UN) has Price / Reported NAV of 0.68x, using price $65.50 from the public market snapshot as of August 25, 2026 and Reported NAV / Unit $96.23 from issuer filings as of December 31, 2025. This is a 31.9% discount to Reported NAV. This uses issuer-reported Reported NAV only, not REIT Stack Real Estate NAV or Market-Implied NAV.

Reported NAV, Real Estate NAV, and Market-Implied NAV taxonomy

What does Boardwalk REIT own?

Boardwalk REIT (BEI.UN) describes its portfolio this way: Boardwalk REIT is one of Canada's largest residential apartment REITs, owning and operating approximately 34,000 suites across Alberta, Saskatchewan, and Ontario. Known for its culture-driven management philosophy and deep Alberta presence in Calgary and Edmonton, Boardwalk has delivered consistent long-term value for unitholders. CEO and co-founder Sam Kolias has led the trust for over three decades, with a strategy centred on superior resident service, community-building, and disciplined capital allocation. The same public row lists Market Cap $3.5B as of August 25, 2026 and sector Residential; property-level inventory, source breadcrumbs, and historical period detail remain in the member product.