Boardwalk Real Estate: Second Quarter Earnings Snapshot

CALGARY, Alberta (AP) _ Boardwalk Real Estate Investment Trust (BOWFF) reported key indicators of its second quarter profitability on Tuesday.

Calgary, Alberta-based real estate investment trust said it had $31.6 million (63 cents per share) under management during the period.

Funds from operations is a hot metric in the REIT industry. Take net income and add items such as depreciation.

The company reported net income of $119.5 million, or $1.21 per share.

The Real Estate Investment Trust, which owns residential communities based in Calgary, Alberta, earned $95.8 million during the period.

Boardwalk Real Estate expects full year capital under management in the range of $2.35 to $2.47 per share.

The company’s stock has fallen 13% since the beginning of the year. In the final minutes of trading on Tuesday, the stock reached his $37.65, up almost 3% in the past 12 months.


This article was generated by Automated Insights ( using data from Zacks Investment Research. Access the Zacks Stock Report on BOWFF at

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