Boardwalk Real Estate Investment Trust

Top 20 FREQUENT WORDS

boardwalk 109 trust 91 estate 87 investment 86 price 39 units 38 rental 34 portfolio 31 edmonton 28 rate 27 reit 26 cap 25 dec 25 calgary 24 average 23 jan 23 alberta 22 months 20 rent 18 canada 16 date 16 quebec 16

DOCUMENT KEY POINTS

forward looking informa this presentation contains forward looking statements relating t operations and the environment in which we operate which are expectations estimates forecast and projections which we beli reasonable as of the current date
while we may elect to we undertake no oblig publicly update any such statement to reflect new information o occurrence of future events or circumstances at any particular ti boardwalk real estate investment trust

focused vision and missio our vision boardwalk is committed to being canada s leading multi family trust and to expanding our operations into a truly national platform
our mission to serve and provide our residents with quality rental communities

trust overview a c started in as a private company a c became a public company in a c converted into a reit in may of a c canada s largest multi family owner operator a c over rental units a rental universe of over
un a c inclusion in the s p tsx composite and incom indices a c trust limited liability issue resolved a c total market capitalization c

a c initiation of a drip a bonus a c effective pre tax total yield of a c conservative capital structure with leverage of approxim the reit s gross book value a c debt to total enterprise value is boardwalk reit will be required to record the value of the contributed assets at their historical carrying values instead of thei result gross book value gbv includes a one time addition equal to the difference between the entity value and the net b effective date
entity value is determined by multiplying the total fully diluted number of reit units including reit units issu lp class b units by the day weighted average trading price of the reit units on the tsx for the trading days immediate date

a target a future cash flow increase shared between unitholders expenditures a c m spent on portfolio over years prior to reit co a c
m spent on capital expenditures during fiscal a c further upside in rental revenues from recovering conce vacancy loss a approx

activity a equity offering a acquisitions acquisitions year building name city of units type price cap rate unit sq ft blouin portfolio montreal high rise
glamis takes into account commission payout penalty and deferred capx boardwalk real estate investment trust

acquisition highlight california gardens th ave th ave burnaby bc units av
per rental unit per sq

acquisition highlight park avenue square park ave red deer ab units av
per rental unit per sq

unconditional acquisitions year year building name city of units type price cap rate cap rate unit west edmonton village edmonton highrise midrise
cap rates based on internal estimates boardwalk real estate investment trust

acquisition highlight ridgemont apartments ridgeway ave coquitlam bc units av
per rental unit per sq

ft date acquired jan purchase pr year cap year cap per rental u per sq
charles place and parkview manor ave street edmonton alberta units av

price per unit per square foot boardwalk real estate investment trust
west edmonton village street ave edmonton alberta units av

to address the ne affordable housing f we partner with government we provide units for the government rental supplement program
self imposed maximum rent increase every six months on month to mo f we partner with social agencies boardwalk real estate investment trust

calgary rental market universe per capitaa a has been on a downward trend since the early s
rental units per population boardwalk real estate investment trust

new construction feasibility at what rental rate is new rental construction feasible new wood frame unit cost square foot including land hard and soft costs average square feet per unit x total cost of unit developer s profit assume x
cap rate required noi annual rental operating and vacancy costs revenue total cost months per year required monthly rental rate boardwalk real estate investment trust

provincial economic fore real gdp employment u yoy change yoy change an a f f a f f british columbia
source cibc world markets inc

alberta average weekly ear gains record earnings growth fuelling gain in consumptiona alberta ytd yr yr change in awe a as is the gains in population higher inflation rate and
billion in prosperity bonuses source statistics canada boardwalk real estate investment trust

unemployment rate unemployment rate canada provinces seasonally adjusted sep
source statistics canada labour force survey boardwalk real estate investment trust

mortgage debt total capit replacement value mms r total m ortgag t t t t t t f oo f oo f oo f oo f oo f oo r r r r r r pe pe pe pe pe pe a c mortgages represent low percentage of replacement cost a c current debt to total enterprise value is
boardwalk real estate investment trust

boardwalk retirement comm value added opportunity example of boardwalk investing in value added opportunities
suites located in the south tower of brentview towers in nw calgary ab

boardwalk retirement comm value added opportunity the brc offers assisted living to seniors including dining room service recreation planning linen service in suite light housekeeping
average monthly rental goal eight suites

conversion opportunity a century to option condo conversion number of units average size sqft total size sqft selling price sqft gross proceeds vend in price unit gross vend price upgrade costs net gain market value appreciation net gain with appreciation gain per unit
boardwalk real estate investment trust

canadian reit market co a c boardwalk reit is the fifth largest reit in canada a boardwalk reit has an equity market capitalization of
market cap summary in millions rei hr cwt bei ref csh car d rrr lgy cuf inn hot mrt iur npr an a market capitalization as at may boardwalk real estate investment trust

market rent month dec a c of the trust s portfolio is stabilized a o a period of more than months a c portfolio located in market areas in pro boardwalk real estate investment trust
portfolio statistics a c boardwalk reit s portfolio consists of over billion invested in over properties a c properties have approx

coquitlam bc units units boardwalk real estate investment trust
other ab quebec city qc regina calgary

multi family sector a ove underlying fundamentals for sector remai a c positive demographic trends expected to conti throughout decade a will have positive impact for multi family rental properties a c new supply of rental product has been minimal years and remains limited across the country a c vacancy rates continue low in most markets acr country a c cmhc forecasting vacancy rates will continue t with a projection of
a c housing market continues to experience high in pressure boardwalk real estate investment trust

based on the average price of new condominium apartments absorbed from january to december down payment of five per cent five year mortgage rate of
management estimates that an additional month on average be added to pit which represents costs not reflected in the current numbers

alberta monthly rental reve statistics three months ended december average rent per appt q average rent per appt q occupied rent per appt q market rent per appt dec market rent per appt dec under existing occupancy loss to lease approx
boardwalk real estate investment trust

capital investment for the months ended december wagecap wage cap building building other other improvements improvments elevators elevators boilers boilers mech mech appliances suiteimprovments suite improvements appliances hallway hallway improvements improvements total capital invested
million boardwalk real estate investment trust

administration review for the months ended december corporate site administration infrastucture professional fees total administration
million or of rental reven boardwalk real estate investment trust

boardwalk reit and guidance objectives revised q actuals ob ffo rental operations
alberta natural gas rebate boardwalk real estate investment trust

questions and answers contact information sam kolias president and ceo roberto geremia senior vp finance and cfo kim o brien vp investments email investor bwalk dot com ph or certain statements in this presentation may be considered forward looking statements with existing securities laws
additional information that coul results to differ materially from these statements are detailed in the earnings press release publicly filed documents including boardwalk s annual report annual information form and boardwalk real estate investment trust

overview a q highlights in millions except per unit amounts months mon e nded de c change e nded de c rental revenue
boardwalk real estate investment trust

q portfolio highlights q q fiscal fis change portfolio vacancy
average rent same property revenues

boardwalk reit gui original revised q revised q objectives objectives objectives ffo rental operations
new unit acquisitions to to to stabilized buildings noi growth

overall performance months m ffo reconciliation dec dec ffo opening
noi growth from unstabilized properties

portfolio expansion a recent acquisition highlights sturgeon point villas rivercrest crescent st
price rental unit price sq

purchase price going in cap rat per rental unit per sq
acquisition highlight park west bay street victoria bc units av

portfolio expansion a recent acquisition highlights jones portfolio willow glenn bentley road a street a street surrey bc braemar court smith avenue coquitlam bc acquisition date march acquisition price
price rental unit price sq

laurent montreal quebec acquisition date march acquistion price million residential units going in cap rate
portfolio expansion a recent acquisition highlights complexe deguire quintin deguire st

dispositions total total price price building name building name datedate soldsold city city units units proceeds proceeds unit unitcap ra ca q village acres village acres edmontonedmonton ab

t t t t t t t t t t t t oc oc oc oc oc oc oc oc oc oc oc oc boardwalk real estate investment trust source cmhc
multi family sector ove apartment vacancy rate canada

rents average rent jan jan jan jan jan jan jan jan jan jan jan jan jan jan jan jan jan jan jan jan jan wti crude price u
oil prices wti crude price and edmonton calgary avg

Please note, This is an auto generated summary based on sentances position in the document and other factors

DOCUMENT WORD ANALYSIS

Main Category

AlHuda Material\sukuk islamic

KeyWords

reit estate invest tax trust NA account incom NA finance boardwalk manage rental busi pakistan limit leas properties NA distributable

DOCUMENT REFERENCES

Number of Pages

81

Published Date

2007-02-16 20:01:28

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Boardwalk Real Estate Investment Trust

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