Boardwalk REIT Reports Rising Occupancy Amid Asset Disposition Program

CEO Sam Kolias attributed the recent performance to robust leasing activity through the summer, noting that the company is benefiting from Alberta's economic climate. The trust has aggressively managed its capital, closing the sale of its Northern Lights Portfolio in Grande Prairie for $30.2 million in September. This transaction is part of a broader divestment strategy that has seen the trust offload 2,291 suites since the beginning of the year.

Proceeds from these sales are being redirected into the trust’s own units through a Normal Course Issuer Bid. Since November 2025, Boardwalk has repurchased 4,018,000 units, representing an investment of approximately $262.2 million at a significant discount to the company's estimated net asset value. Management plans to maintain this disciplined approach to capital allocation while keeping its balance sheet stable. Investors can expect a detailed financial breakdown of these moves when the trust releases its third-quarter results on November 3, 2026, followed by a conference call on November 4.