BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BEI-UN - CA0966311064 - REIT
69.89 CAD
+0.62 (+0.9%)
Overall BEI-UN gets a fundamental rating of 5 out of 10. We evaluated BEI-UN against 15 industry peers in the Residential REITs industry. While BEI-UN has a great profitability rating, there are quite some concerns on its financial health. BEI-UN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- BEI-UN had positive earnings in the past year.
- In the past year BEI-UN had a positive cash flow from operations.
- BEI-UN had positive earnings in 4 of the past 5 years.
- Each year in the past 5 years BEI-UN had a positive operating cash flow.
1.2 Ratios
- BEI-UN has a better Return On Assets (3.46%) than 80.00% of its industry peers.
- Looking at the Return On Equity, with a value of 6.26%, BEI-UN is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
- BEI-UN's Return On Invested Capital of 3.21% is amongst the best of the industry. BEI-UN outperforms 86.67% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for BEI-UN is in line with the industry average of 2.87%.
- The last Return On Invested Capital (3.21%) for BEI-UN is above the 3 year average (2.86%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.46% | ||
| ROE | 6.26% | ||
| ROIC | 3.21% |
ROA(3y)6.34%
ROA(5y)4.5%
ROE(3y)11.92%
ROE(5y)8.52%
ROIC(3y)2.86%
ROIC(5y)2.84%
1.3 Margins
- The Profit Margin of BEI-UN (49.84%) is better than 80.00% of its industry peers.
- BEI-UN's Profit Margin has improved in the last couple of years.
- BEI-UN's Operating Margin of 55.29% is fine compared to the rest of the industry. BEI-UN outperforms 73.33% of its industry peers.
- In the last couple of years the Operating Margin of BEI-UN has grown nicely.
- BEI-UN has a Gross Margin of 73.60%. This is amongst the best in the industry. BEI-UN outperforms 86.67% of its industry peers.
- In the last couple of years the Gross Margin of BEI-UN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.29% | ||
| PM (TTM) | 49.84% | ||
| GM | 73.6% |
OM growth 3Y3.04%
OM growth 5Y3.17%
PM growth 3Y0.93%
PM growth 5Y66.4%
GM growth 3Y1.76%
GM growth 5Y1.52%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BEI-UN is destroying value.
- BEI-UN has about the same amout of shares outstanding than it did 1 year ago.
- Compared to 5 years ago, BEI-UN has more shares outstanding
- Compared to 1 year ago, BEI-UN has an improved debt to assets ratio.
2.2 Solvency
- BEI-UN has an Altman-Z score of 1.25. This is a bad value and indicates that BEI-UN is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of BEI-UN (1.25) is better than 93.33% of its industry peers.
- BEI-UN has a debt to FCF ratio of 14.67. This is a negative value and a sign of low solvency as BEI-UN would need 14.67 years to pay back of all of its debts.
- The Debt to FCF ratio of BEI-UN (14.67) is comparable to the rest of the industry.
- BEI-UN has a Debt/Equity ratio of 0.55. This is a neutral value indicating BEI-UN is somewhat dependend on debt financing.
- BEI-UN has a Debt to Equity ratio of 0.55. This is amongst the best in the industry. BEI-UN outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 14.67 | ||
| Altman-Z | 1.25 |
ROIC/WACC0.59
WACC5.44%
2.3 Liquidity
- A Current Ratio of 0.11 indicates that BEI-UN may have some problems paying its short term obligations.
- The Current ratio of BEI-UN (0.11) is worse than 60.00% of its industry peers.
- A Quick Ratio of 0.10 indicates that BEI-UN may have some problems paying its short term obligations.
- The Quick ratio of BEI-UN (0.10) is worse than 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.11 | ||
| Quick Ratio | 0.1 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 11.26% over the past year.
- The Earnings Per Share has been growing by 70.76% on average over the past years. This is a very strong growth
- The Revenue has been growing slightly by 6.52% in the past year.
- Measured over the past years, BEI-UN shows a small growth in Revenue. The Revenue has been growing by 5.79% on average per year.
EPS 1Y (TTM)11.26%
EPS 3Y4.33%
EPS 5Y70.76%
EPS Q2Q%12.05%
Revenue 1Y (TTM)6.52%
Revenue growth 3Y8.64%
Revenue growth 5Y5.79%
Sales Q2Q%5.87%
3.2 Future
- Based on estimates for the next years, BEI-UN will show a small growth in Earnings Per Share. The EPS will grow by 4.74% on average per year.
- BEI-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.29% yearly.
EPS Next Y49.82%
EPS Next 2Y4.96%
EPS Next 3Y4.74%
EPS Next 5YN/A
Revenue Next Year4.03%
Revenue Next 2Y4.58%
Revenue Next 3Y4.29%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 15.36, BEI-UN is valued correctly.
- BEI-UN's Price/Earnings ratio is in line with the industry average.
- When comparing the Price/Earnings ratio of BEI-UN to the average of the S&P500 Index (27.47), we can say BEI-UN is valued slightly cheaper.
- BEI-UN is valuated correctly with a Price/Forward Earnings ratio of 14.91.
- 66.67% of the companies in the same industry are more expensive than BEI-UN, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 24.26. BEI-UN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.36 | ||
| Fwd PE | 14.91 |
4.2 Price Multiples
- 93.33% of the companies in the same industry are more expensive than BEI-UN, based on the Enterprise Value to EBITDA ratio.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of BEI-UN indicates a slightly more expensive valuation: BEI-UN is more expensive than 60.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.88 | ||
| EV/EBITDA | 19.26 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The excellent profitability rating of BEI-UN may justify a higher PE ratio.
PEG (NY)0.31
PEG (5Y)0.22
EPS Next 2Y4.96%
EPS Next 3Y4.74%
5. Dividend
5.1 Amount
- BEI-UN has a Yearly Dividend Yield of 1.87%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 4.86, BEI-UN's dividend is way lower than its industry peers. On top of this 93.33% of the companies listed in the same industry pay a better dividend than BEI-UN!
- BEI-UN's Dividend Yield is comparable with the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
5.2 History
- On average, the dividend of BEI-UN grows each year by 6.64%, which is quite nice.
- BEI-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
- BEI-UN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)6.64%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- 24.03% of the earnings are spent on dividend by BEI-UN. This is a low number and sustainable payout ratio.
- BEI-UN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP24.03%
EPS Next 2Y4.96%
EPS Next 3Y4.74%
TSX:BEI-UN (1/16/2026, 7:00:00 PM)
69.89
+0.62 (+0.9%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)11-04 2025-11-04/amc
Earnings (Next)02-19 2026-02-19/amc
Inst Owners36.96%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap3.43B
Revenue(TTM)629.35M
Net Income(TTM)313.66M
Analysts77.14
Price Target82.47 (18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
Yearly Dividend1.26
Dividend Growth(5Y)6.64%
DP24.03%
Div Incr Years3
Div Non Decr Years3
Ex-Date02-27 2026-02-27 (0.135)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.46%
PT rev (3m)-4.26%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-7.21%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.36 | ||
| Fwd PE | 14.91 | ||
| P/S | 5.44 | ||
| P/FCF | 13.88 | ||
| P/OCF | 13.7 | ||
| P/B | 0.68 | ||
| P/tB | 0.68 | ||
| EV/EBITDA | 19.26 |
EPS(TTM)4.55
EY6.51%
EPS(NY)4.69
Fwd EY6.71%
FCF(TTM)5.03
FCFY7.2%
OCF(TTM)5.1
OCFY7.3%
SpS12.84
BVpS102.26
TBVpS102.26
PEG (NY)0.31
PEG (5Y)0.22
Graham Number102.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.46% | ||
| ROE | 6.26% | ||
| ROCE | 4.51% | ||
| ROIC | 3.21% | ||
| ROICexc | 3.26% | ||
| ROICexgc | 3.26% | ||
| OM | 55.29% | ||
| PM (TTM) | 49.84% | ||
| GM | 73.6% | ||
| FCFM | 39.21% |
ROA(3y)6.34%
ROA(5y)4.5%
ROE(3y)11.92%
ROE(5y)8.52%
ROIC(3y)2.86%
ROIC(5y)2.84%
ROICexc(3y)2.93%
ROICexc(5y)2.89%
ROICexgc(3y)2.93%
ROICexgc(5y)2.89%
ROCE(3y)3.98%
ROCE(5y)3.95%
ROICexgc growth 3Y4.08%
ROICexgc growth 5Y3.76%
ROICexc growth 3Y4.08%
ROICexc growth 5Y3.76%
OM growth 3Y3.04%
OM growth 5Y3.17%
PM growth 3Y0.93%
PM growth 5Y66.4%
GM growth 3Y1.76%
GM growth 5Y1.52%
F-Score5
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 14.67 | ||
| Debt/EBITDA | 7.79 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.99 | ||
| Cash Conversion | 70.09% | ||
| Profit Quality | 78.67% | ||
| Current Ratio | 0.11 | ||
| Quick Ratio | 0.1 | ||
| Altman-Z | 1.25 |
F-Score5
WACC5.44%
ROIC/WACC0.59
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)41.46%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.26%
EPS 3Y4.33%
EPS 5Y70.76%
EPS Q2Q%12.05%
EPS Next Y49.82%
EPS Next 2Y4.96%
EPS Next 3Y4.74%
EPS Next 5YN/A
Revenue 1Y (TTM)6.52%
Revenue growth 3Y8.64%
Revenue growth 5Y5.79%
Sales Q2Q%5.87%
Revenue Next Year4.03%
Revenue Next 2Y4.58%
Revenue Next 3Y4.29%
Revenue Next 5YN/A
EBIT growth 1Y10.76%
EBIT growth 3Y11.94%
EBIT growth 5Y9.14%
EBIT Next Year14.04%
EBIT Next 3Y8.46%
EBIT Next 5YN/A
FCF growth 1Y33.37%
FCF growth 3Y12.78%
FCF growth 5Y8.4%
OCF growth 1Y33.91%
OCF growth 3Y14.22%
OCF growth 5Y8.46%
BOARDWALK REAL ESTATE INVEST / BEI-UN.CA FAQ
What is the ChartMill fundamental rating of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to BEI-UN.CA.
What is the valuation status of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) stock?
ChartMill assigns a valuation rating of 5 / 10 to BOARDWALK REAL ESTATE INVEST (BEI-UN.CA). This can be considered as Fairly Valued.
How profitable is BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) stock?
BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) has a profitability rating of 8 / 10.
What are the PE and PB ratios of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) stock?
The Price/Earnings (PE) ratio for BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) is 15.36 and the Price/Book (PB) ratio is 0.68.
How financially healthy is BOARDWALK REAL ESTATE INVEST?
The financial health rating of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) is 3 / 10.