Boardwalk REIT reports after the market on November 3. The available forecast points to a tougher earnings comparison: analysts expect EPS of C$4.64, down 26.5% from a year earlier.
Boardwalk Real Estate Investment Trust (BEI-UN.TO; TSX: BEI.UN) is scheduled to report results for the quarter ended September 30, 2026, after the market closes on November 3. The earnings calendar has no EPS estimate, but a separate forecast puts consensus EPS at C$4.64, based on one analyst. Five analysts estimate revenue of C$674.46 million, up 4.9% year over year. The EPS forecast is 26.5% below the year-ago figure of C$6.31, and it rests on a very small sample.
Recent earnings trend
Boardwalk Real Estate Investment Trust
BEI-UN.TO
BEI-UN.TO
Boardwalk Real Estate Investment Trust
WealthAwesomeMarket cap
$3.36B
Div. yield
2.67%
Div. / share
$1.68
52W high
$68.59
52W low
$57.95
1W change
-1.81%
Beta
0.82
Analyst Price Targets
Based on analyst covering BEI-UN · as of Oct 28, 2026
Wall Street analysts forecast BEI-UN stock price to rise 24.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$77.07
+24.6% Upside
Previously C$77.52 on Oct 26, 2026
Current Price
C$61.86
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BEI-UN's historical volatility
30-Day Vol
15.6%
Annualized
90-Day Vol
17.6%
Annualized
Trend (90d)
-23.9%
Annualized drift
90d Mean
C$56.66
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$59.98 | C$56.83 – C$63.30 |
| 60 trading days | C$58.29 | C$54.02 – C$62.91 |
| 90 trading days | C$56.66 | C$51.61 – C$62.20 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2016-03-31 | 2016-05-12 | 1.1100 | 0.6800 | +63.2% |
| 2015-12-31 | 2016-02-18 | 2.3600 | 0.8000 | +195.0% |
| 2015-09-30 | 2015-11-12 | 0.7800 | 0.8900 | -12.4% |
| 2015-06-30 | 2015-08-13 | 0.5100 | 0.8800 | -42.0% |
| 2015-03-31 | 2015-05-14 | 1.1900 | 0.7400 | +60.8% |
| 2014-12-31 | 2015-02-19 | 0.5700 | 0.8700 | -34.5% |
Boardwalk has beaten estimates in two of its last four reported quarters. Its longer record includes 57 quarters with actual and estimated EPS. This report will show whether revenue growth can hold up as earnings face a year-over-year decline. For Canadian investors, the market picture is mixed: BEI.UN recently closed at C$61.86, below its 50-day and 200-day moving averages. Its stated dividend yield is 2.67%.
Investor takeaway: The main signal is the gap between forecast revenue growth and falling EPS. Analysts expect revenue to rise 4.9%, while EPS is forecast to decline 26.5% year over year. Since only one analyst contributed to the EPS estimate, treat C$4.64 as a limited benchmark, not a definitive market view. Watch the reported results and management’s explanation of earnings drivers, rather than focusing only on whether EPS beats or misses that estimate. Boardwalk’s two beats in the last four quarters offer some context, but don’t establish a consistent pattern.
C$4.64
That’s the one-analyst EPS estimate for the quarter ended September 30, 2026. It’s 26.5% below the year-ago EPS of C$6.31, even as analysts expect revenue to grow 4.9%.
Bull case
Analysts expect revenue of C$674.46 million, up 4.9% from a year earlier. The EPS estimate has also risen from C$4.56 to C$4.64 over the past 30 days, with one upward revision and none downward. Boardwalk beat estimates in two of its last four reported quarters. If it meets the revenue forecast and explains how it’s managing the expected EPS decline, the results could reassure investors about its operating momentum.
Bear case
The forecast still points to a 26.5% drop in EPS from C$6.31 a year earlier, and it comes from just one analyst. Boardwalk’s reported trailing-twelve-month EPS is -C$0.95, and its profit margin is -5.02%. Those figures are a reminder that the quarterly estimate doesn’t tell the whole story about profitability. The share price is also below its 50-day and 200-day moving averages. If results or the outlook disappoint, the thin estimate base and weaker recent share-price trend could make the revenue-growth forecast less reassuring.
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