Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Issues Earnings Results

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) posted its quarterly earnings results on Thursday. The financial services provider reported $0.86 earnings per share for the quarter, Zacks reports. Boardwalk Real Estate Investment Trust had a return on equity of 6.30% and a net margin of 49.45%.

Boardwalk Real Estate Investment Trust Stock Down 1.7%

Shares of OTCMKTS BOWFF traded down $0.87 during mid-day trading on Thursday, reaching $49.61. 121 shares of the company traded hands, compared to its average volume of 1,503. The stock has a market cap of $2.41 billion, a PE ratio of 16.06 and a beta of 0.94. Boardwalk Real Estate Investment Trust has a fifty-two week low of $41.98 and a fifty-two week high of $54.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.04 and a current ratio of 0.04. The company’s fifty day moving average is $48.59 and its two-hundred day moving average is $48.46.

About Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust is a Canada-based residential landlord specializing in multi-family rental apartments and manufactured home communities. The trust’s business model centers on acquiring, developing and managing residential properties that deliver stable, long-term cash flows. Boardwalk’s portfolio has historically included tens of thousands of residential suites and home sites spread across key Canadian markets.

The company’s core activities encompass property acquisition, asset management, and day-to-day property operations.