The company has reinvested C$176.6 million into its buyback initiative, a move driven by the persistent gap between the trust’s trading price and the underlying value of its apartment portfolio. While the divestment strategy moves forward, operational metrics show a slight cooling in demand. Occupancy rates dipped to 96.9% in July from a peak of 98% in May 2025.
In section Market Quotes
Boardwalk REIT Liquidates Assets to Fund Aggressive Share Buybacks
With private property valuations outstripping its current market price, Boardwalk Real Estate Investment Trust is offloading assets to fuel a significant share repurchase program. The Canadian firm has already channeled 306 million Canadian dollars from property sales into the market to capture value for its shareholders this year.
Despite the minor softening in occupancy, revenue per unit continues to climb. Average monthly rent rose to C$1,607 between April and May, marking an increase from the C$1,554 recorded in the second quarter of last year. Management remains optimistic about the Alberta market, citing a robust provincial economy that supports both rental growth and long-term affordability.
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