Distribution Summary - Boardwalk R.E.I.T.

2008 Boardwalk REIT D.R.I.P. Unit Cost Summary

Payable Date	Per Trust Unit Cost After 3% Bonus
Feb 15 2008	$35.61
Jan 15 2008	$40.22

2007 Boardwalk REIT D.R.I.P. Unit Cost Summary

Payable Date	Per Trust Unit Cost After 3% Bonus
Dec 17 2007	$43.42
Nov 15 2007	$42.86
Oct 15 2007	$44.59
Sep 17 2007	$44.82
Aug 15 2007	$44.32
Jul 16 2007	$47.94
Jun 15 2007	$44.41
May 15 2007	$45.22
Apr 16 2007	$42.65
Mar 15 2007	$44.48
Feb 15 2007	$44.03
Jan 15 2007	$38.00

2006 Boardwalk REIT D.R.I.P. Unit Cost Summary

Payable Date	Per Trust Unit Cost After 3% Bonus
Dec 15 2006	$41.24
Nov 15 2006	$35.00
Oct 16 2006	$32.27
Sep 15 2006	$30.08
Aug 15 2006	$27.20
Jul 17 2006	$25.54
Jun 15 2006	$24.86
May 15 2006	$23.78
Apr 17 2006	$22.31
Mar 15 2006	$22.09
Feb 15 2006	$21.19
Jan 16 2006	$21.17

2005 Boardwalk REIT D.R.I.P. Unit Cost Summary

Payable Date	Per Trust Unit Cost After 3% Bonus
Dec 15 2005	$20.25
Nov 15 2005	$19.28
Oct 17 2005	$19.32
Sep 15 2005	$19.95
Aug 15 2005	$18.99
Jul 15 2005	$19.16
Jun 15 2005	$19.07
May 16 2005	$18.46
Apr 15 2005	$17.72
Mar 15 2005	$18.38
Feb 15 2005	$18.89
Jan 17 2005	$17.90

2004 Boardwalk REIT D.R.I.P. Unit Cost Summary

Payable Date	Per Trust Unit Cost After 3% Bonus
Dec 15 2004	$16.83
Nov 15 2004	$17.05
Oct 15 2004	$16.73
Sep 15 2004	$16.48
Aug 16 2004	$15.92
Jul 15 2004	$15.29

Boardwalk R.E.I.T. Contact Information

Boardwalk Head Office
Suite 200, 1501 1st Street S.W.
Calgary, Alberta, Canada, T2R 0W1
(403) 531-9255

Email: Technical Support

Afton Bell
Investor Relations
(403) 206-6758
Fax: (403) 298-3919

David McIlveen
Media Relations
Direct: (403) 206-6878
Fax: (403) 298-3941

Distribution Reinvestment Plan ("DRIP")

To encourage participation and reward unitholders,
investors registered in the Distribution Reinvestment Plan ("DRIP")
will continue to receive a "bonus" distribution of additional
Trust Units representing 3% of the amount of their cash
distributions reinvested pursuant to the Plan.