Boardwalk REIT ("Boardwalk, "the Trust", "We") is providing a brief operational update as we continue to focus on providing high-quality and affordable homes to Boardwalk's Resident Members while delivering growth and value for our stakeholders.
Stabilized Portfolio Occupancy
Oct-21 | Nov-21 | Dec-21 | Jan-22 | Feb-22 | Mar-22 | |||
Stabilized Portfolio | 96.1 % | 95.7 % | 95.7 % | 95.6 % | 95.5 % | 95.4 % | ||
Apr-22 | May-22 | Jun-22 | Jul-22 | Aug-22 | Sep-22 | |||
95.8 % | 96.6 % | 96.9 % | 97.0 % | 97.1 % | 97.6 % | |||
Oct-22 | ||||||||
98.1 % | ||||||||
1 Preliminary occupancy as of the first day of each month |
Occupied Rent
Aug-21 | Sep-21 | Oct-21 | Nov-21 | Dec-21 | Jan-22 | |
Occupied Rent 2 | ||||||
Feb-22 | Mar-22 | Apr-22 | May-22 | Jun-22 | Jul-22 | |
Aug-22 | ||||||
2 Occupied rent is a component of rental revenue as calculated in accordance with IFRS and represents stabilized properties only. It is calculated for occupied units as of the first day of each month as the average rental revenue, adjusted for other rental revenue items such as fees, specific recoveries and revenue from commercial tenants. |
"Following a very strong summer leasing season, we continue to see robust demand for rental housing throughout our portfolio heading into the fall. Our largest market in
Our team is committed to further optimize our rentals, while finding innovative ways to best manage controllable operating costs during this high inflation period. We are confident that our strong leasing momentum, peak-performing team and unparalleled affordability of our core markets position us well for continued growth in the months to come."
Accretive Capital Allocation
During the fourth quarter of 2021, the Trust announced that it received approval from the
Timing of Boardwalk REIT's Third Quarter Financial Results
Boardwalk REIT's financial results for the three-month period ended
We invite you to participate in the teleconference to be held to discuss these results the following day (
Teleconference:
The telephone numbers for the conference are toll-free 1-888-664-6383 (within
Note: Please provide the operator with the below Conference Call ID or Topic when dialing in to the call.
Conference ID: 50233156
Topic:
Webcast:
Investors will also be able to listen to the call and view the slide presentation by visiting www.bwalk.com/investors on the morning of the call. An information page will be provided for any software and system requirements. The live webcast will also be available by clicking below:
Boardwalk REIT Third Quarter Results Webcast Link
Corporate Profile:
Boardwalk REIT strives to provide
Boardwalk REIT's Trust Units are listed on the
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
Information in this news release that is not current or historical factual information may constitute forward-looking statements and information (collectively, "forward-looking statements") within the meaning applicable of securities laws. The use of any of the words "expect", "anticipate", "may", "will", "should", "believe", "intend" and similar expressions are intended to identify forward-looking statements. Implicit in these forward-looking statements, particularly in respect of Boardwalk's objectives for its current and future periods, Boardwalk's strategies to achieve those objectives, as well as statements with respect to management's beliefs, plans, estimates, assumptions, intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations are estimates and assumptions subject to risks and uncertainties which could cause Boardwalk's actual results to differ materially from the forward-looking statements contained in this news release. Specifically, Boardwalk has made assumptions surrounding the impact of economic conditions in
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