Cormark Comments on Boardwalk Real Estate Investment Trust’s Q3 2024 Earnings (TSE:BEI)

Boardwalk Real Estate Investment Trust (TSE:BEI) – Cormark lowered their Q3 2024 earnings per share estimates for Boardwalk Real Estate Investment Trust in a research note issued on Thursday, August 1st. Cormark analyst S. Srinivas now expects that the company will earn $1.07 per share for the quarter, down from their previous estimate of $1.08. Cormark also issued estimates for Boardwalk Real Estate Investment Trust’s Q4 2024 earnings at $1.09 EPS, FY2024 earnings at $4.15 EPS and Q2 2025 earnings at $1.07 EPS.

Boardwalk Real Estate Investment Trust (TSE:BEI) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$6.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.91 by C$5.32. The business had revenue of C$145.20 million for the quarter.

Several other equities analysts also recently weighed in on the company. Raymond James raised Boardwalk Real Estate Investment Trust to a “strong-buy” rating in a research report on Wednesday, July 24th. Scotiabank upgraded shares of Boardwalk Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 1st.

Boardwalk Real Estate Investment Trust Stock Performance

Boardwalk Real Estate Investment Trust has a 1 year low of C$37.96 and a 1 year high of C$49.75.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust (REIT). The Company is focused on the acquisition, refurbishment, management, ownership and development of multi-family residential communities within Canada. The Trust owns over 200 properties containing approximately 33,770 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 30 million net rentable square feet.