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Financial Reports
Q4 - 2010 Highlights
Highlights of the Trust’s Fourth Quarter 2010 Financial Results include:
- Rental revenues of $416.1 million, a decrease of 0.2% compared to $416.8 million for the twelve-month period ended December 31, 2009
- Net Operating Income of $263.2 million, representing a 1.0% decrease from $265.9 million in the same period last year
- FFO from continuing operations of $129.9 million, a decrease of 2.4% compared to $133.1 million year over year.
- FFO per unit from continuing operations of $2.47 on a diluted basis, down 1.6% compared to $2.51 for the twelve-month period ended December 31, 2009.
- DI from continuing operations was $2.49 per unit, down 2.4% compared to $2.55 for the twelve month period ended December 31, 2009.
- AFFO from continuing operations was $113.8 million, a decrease of 2.4% compared to $116.6 million year-over-year
- AFFO per unit from continuing operations was $2.16 on a diluted basis, down 1.8% compared to $2.20 for the twelve-month period ended December 31, 2009.
The Company
Boardwalk REIT is an open-ended real estate investment trust formed to acquire all of the assets and undertakings of Boardwalk Equities Inc. Boardwalk REIT's principal objectives are to provide its unitholders with monthly cash distributions, partially on a Canadian income tax-deferred basis, and to increase the value of its units through the effective management of its residential multi-family revenue producing properties and the acquisition of additional properties. Boardwalk REIT currently owns and operates in excess of 225 properties with 35,277 units totaling approximately 30 million net rentable square feet, and is Canada's largest public owner/operator of multi-family rental communities. Boardwalk REIT's portfolio is concentrated in the provinces of Alberta, British Columbia, Saskatchewan, Ontario and Quebec
Boardwalk REIT's Trust units are listed on the Toronto Stock Exchange, trading under the symbol BEI.UN. The Trust's total enterprise value at June 30, 2011 was approximately $4.7 billion.
Our Mission Statement
"to serve and provide our residents with quality rental communities"
Boardwalk R.E.I.T. Contact Information
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Boardwalk Head Office |
James Ha
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David McIlveen
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