Boardwalk Real Estate: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 04:00 AM ET
Last Updated - Jul 31, 2024, 04:00 AM EDT
CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Boardwalk Real Estate Investment Trust (BOWFF) on Tuesday reported a key measure of profitability in its second quarter.
The Calgary, Alberta-based real estate investment trust said it had funds from operations of $41 million, or 76 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $116.3 million, or $1.70 per share.
