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Boardwalk REIT Continues its Strong Growth, With a 5.6% Increase in Second Quarter Funds From Operations Per Unit

Boardwalk REIT Continues its Strong Growth, With a 5.6% Increase in Second Quarter Funds From Operations Per Unit
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Boardwalk REIT Continues its Strong Growth, With a 5.6% Increase in Second Quarter Funds From Operations Per Unit

Boardwalk REIT Continues its Strong Growth, With a 5.6% Increase in Second Quarter Funds From Operations Per Unit
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

United States , Fort Mcmurray , Grande Prairie , Red Deer , Sam Kolias , Distributions Declared Trust Units Lpb , Unit Trust , Unit Period , Boardwalk Real Estate Investment Trust , Management Discussion Analysis , Toronto Stock Exchange , Boardwalk Real Estate Investment , Second Quarter , From Operations , Trust Unit , Asset Value , Real Estate Investment Trust , Chief Executive Officer , Greater Toronto Area , Property Total Rental Revenue , Operating Income , Property Operating Margin , Funds From Operations , Diluted Unit , Reported Asset , Coverage Ratio ,

Boardwalk REIT Reports Solid First Quarter Results With Funds From Operations Per Unit Growth of 4.8%


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SUMMARY HIGHLIGHTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021
HEALTH AND SAFETY THROUGH THE COVID-19 PANDEMIC REMAINS A PRIORITY AS WE CONTINUE TO PROVIDE OUR ESSENTIAL SERVICE OF SAFE AND AFFORDABLE HOUSING
SOLID FFO PERFORMANCE
RESILIENT OPERATIONAL RESULTS THROUGH THE WINTER MONTHS
Strong same-property revenue and net operating income growth in Ontario, Quebec, and Saskatchewan.
Occupancy gains and revenue optimization during the first quarter providing positive trend in Alberta portfolio.
April 2021 occupancy of 95.7%, an increase of 100 basis points from February 2021.
Q1 2021 same-property occupancy of 94.9% through additional government-imposed lockdowns and seasonally slower period.
Continued sustainable reduction of incentives on lease renewals. ....

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