BOWFF Stock Report: Boardwalk Real Estate Investment Trust Rating & Analysis

Price Action & Execution Volume

1255 daily bars · split adjusted

D1 · Split adjusted1Y: -5.11%

RSI (14)

Daily · Wilder smoothing

54.7Bullish range

70 overbought / 30 oversoldLast 120 sessions

MACD (12, 26, 9)

MACD -0.10 Signal -0.39 Hist 0.28

Pivots & Key Levels

Classic floor pivots from 2026-10-23

R2

44.29

R1

44.26

Pivot

44.18

S1

44.15

S2

44.07

Quantitative Signal Summary & Indicator Suite

Computed from daily OHLCV bars

Consensus signal rating

NEUTRAL

4 bullish · 3 neutral · 3 bearish

STRONG SELLSELLNEUTRALBUYSTRONG BUY

Oscillators

1 Buy · 3 Neu · 1 Sell

Moving averages

3 Buy · 0 Neu · 2 Sell

Indicator	Value	Type	Action
RSI (14)	54.70	Oscillator	Neutral
Stochastic %K (14, 3, 3)	70.33	Oscillator	Neutral
Williams %R (14)	-21.28	Oscillator	Neutral
MACD (12, 26, 9)	-0.10 (Hist 0.28)	Oscillator	Buy
Average Directional Index (14)	26.43 (+DI 33.7 / -DI 42.0)	Trend

Financial Performance & Valuation

Audited annual filings, TTM ratios and consensus forward estimates

Financial Performance

Annual filings (FY) with consensus forward estimates (hatched)

Revenue

$638.1M FY25

470.5M

FY21

494.8M

FY22

545.7M

FY23

603.3M

FY24

638.1M

FY25

658.5M

FY26E

666.2M

FY27E

GAAP Net Income

$196.7M FY25

446.3M

FY21

283.1M

FY22

666.1M

FY23

588.2M

FY24

196.7M

FY25

75.47M

FY26E

177.6M

FY27E

Free Cash Flow

$79.67M FY25

34.86M

FY21

31.55M

FY22

73.82M

FY23

107.8M

FY24

79.67M

FY25

Key Valuation & Quality Metrics

TTM vs. 5-year historical average (annual ratios)

Metric	BOWFF	Historical (5Y) / ref	Status
P/E ratio (TTM)	-93.1x	8.0x · sector 36.8x	Discount
Forward P/E (FY26E)	22.8x	EPS est. 1.94	Discount
Price / Book	0.6x	0.7x	In line
Price / Sales	4.7x	5.1x	In line
EV / EBITDA	49.0x	18.7x	Elevated
Return on equity	-0.7%	—	Weak
Gross margin	63.6%	60.6%	In line
Debt / Equity	0.77	0.84	Moderate
Piotroski / Altman Z	5/9	Z 1.14	Distress

DCF Fair Value

Discounted cash flow model

DCF

Estimated intrinsic value

$99.97

+126.1% undervalued

vs current price $44.22

Enterprise value: $6.54B
FCF yield (TTM): 3.2%
Earnings yield (TTM): -1.1%
ROIC (TTM): 4.8%
Net debt / EBITDA: 25.96
Model date: 2026-10-25

Street Consensus & Target Distribution

Wall Street price targets and rating actions

12-Month Target Price Spread

Current price $44.22

Buy

No price target coverage.

Recent Research Notes & Ratings

Latest analyst grade actions

Date	Firm	Action	Previous	New grade
Sep 27, 19	Desjardins	upgrade	Hold	Buy
Mar 15, 16	Canaccord Genuity	downgrade	Buy	Hold

Ownership & Insider Activity

Shareholder Structure

Free float vs. closely held shares

Free float74.9%

Float shares
36.92M
Closely held
12.34M (25.1%)
Shares outstanding
49.26M

13F institutional holdings are not available in the current data plan.

Recent Insider Transactions

SEC Form 4 filings

No insider transactions reported.

Business Segment & Geographic Diversification

Revenue disaggregation per 10-K filing

Revenue by Business Segment

No segment disclosure.

Revenue by Geography

No geographic disclosure.

Newsfeed & Earnings

Institutional Newsfeed

Stock news · updated daily

MarketBeat86d ago
Boardwalk Real Estate Investment Trust Q2 Earnings Call Highlights
Boardwalk Real Estate Investment Trust TSE: BEI.UN reported second-quarter operating results that reflected stable demand for affordable rental housing, with same-property rental revenue and net operating income each rising 1.7% from a year earlier.

Earnings Track Record

Reported EPS vs. consensus estimate

Report date	EPS est.	EPS actual	Surprise	Revenue
Jul 28, 2026	—	0.86	—	$113.3M
May 5, 2026	—	0.84	—	$117.8M
Feb 19, 2026	—	0.86	—	$120.1M
Nov 4, 2025	—	0.89	—	$115.4M
Jul 29, 2025	—	0.84	—	$115.5M
May 6, 2025	—	0.74	—	$109.3M

SEC Filings & Executive Compensation

Recent SEC Regulatory Filings

SEC EDGAR filings · last 12 months

No filings found.

Executive Compensation

Proxy statement (DEF 14A) disclosures

No compensation disclosures.