FY2016 Earnings Forecast for Boardwalk REIT Issued By Desjardins (BEI)
Boardwalk REIT (TSE:BEI) – Desjardins cut their FY2016 earnings per share estimates for shares of Boardwalk REIT in a report issued on Sunday. Desjardins analyst M. Markidis now anticipates that the brokerage will earn $2.95 per share for the year, down from their prior forecast of $3.14. Desjardins also issued estimates for Boardwalk REIT’s Q4 2016 earnings at $0.70 EPS and FY2018 earnings at $2.88 EPS.
About Boardwalk REIT
Boardwalk Real Estate Investment Trust (Boardwalk REIT or the Trust) is an open-ended real estate investment trust. The Trust is focused on the acquisition, refurbishment, management and ownership, and where deemed appropriate the development, of multi-family residential communities within Canada. The Trust owns approximately 32,950 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 30 million net rentable square feet.
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