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StocksMedium•19 February 2026•

1 min read

Boardwalk REIT Reports Strong 2025 Results and 11.1% Distribution Hike

Boardwalk Real Estate Investment Trust (TSX: BEI.UN) announced robust financial results for the fiscal year 2025, marked by significant growth in key performance metrics. The Trust reported an 11.2% increase in Funds From Operations (FFO) per unit, reaching $4.65 for the full year. Driven by this strong performance, Boardwalk declared an 11.1% increase in cash distributions to its unitholders and introduced guidance for 2026. Net Operating Income (NOI) grew by 9.2% to $417.6 million, supported by strong rental demand in Alberta and a 200-basis-point improvement in operating margins. Portfolio occupancy remained high at 97.6% during the fourth quarter, reflecting the stability and high demand for the Trust's residential assets. These results highlight the success of the Trust's capital allocation strategy and its ability to drive organic growth in a competitive real estate market.