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Boardwalk Real Estate: Q1 Earnings Snapshot


Boardwalk Real Estate: Q1 Earnings Snapshot
by The Associated Press
Last Updated May 13, 2021 at 7:27 pm EDT
CALGARY, Alberta (AP) Boardwalk Real Estate Investment Trust (BOWFF) on Thursday reported a key measure of profitability in its first quarter.
The Calgary, Alberta-based real estate investment trust said it had funds from operations of $26.2 million, or 51 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $22.9 million, or 49 cents per share.
The real estate investment trust that owns residential communities, based in Calgary, Alberta, posted revenue of $91.4 million in the period. ....

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