Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust

Overview
Date Founded

1984

Headquarters

First West Professional Building,1501-1st Street SW,Suite 200,Calgary, AB T2R 0W1

Type of Company

Public

Employees (Worldwide)

1,750

Industries

Real Estate
Real Estate Investment Trusts

Company Description

Boardwalk Real Estate Investment Trust is an open-ended real estate investment trust. The company engages in real estate rental market business. It has several residential multi-family apartments on Alberta, Ontario, Quebec and Saskatchewan. The company was founded by Sam Kolias and Van Kolias in 1984 and is headquartered in Calgary, Canada.

Executives & Employees

Chief Executive Officer

President

Chief Financial Officer

Secretary, Vice President & General Counsel

Chief Information Officer & Vice President-Technology

Senior Vice President, Quality Control

Senior Vice President, Acquisitions & Development

Vice President, Human Resources

Vice President, Finance & Investor Relations

Vice President, Marketing & Customer Service

Board of Trustees

Chief Executive Officer at Boardwalk Real Estate Investment Trust

Board Member & Director at Macerich Co.

Vice President, Finance & Chief Financial Officer at Tourmaline Oil Corp.

Founding Partner & Chief Investment Officer at Wealhouse Capital LP

Founder at Stampede Capital LLC

Former President, Chief Executive & Financial Officer at IPC US Real Estate Investment Trust

Chief Financial Officer at Boardwalk Properties Co. Ltd.

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Owners & Shareholders
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CIBC Asset Management (CIBC AM) dedicates extensive resources to their global asset allocation and currency management capabilities. The firm's investment products range from traditional balanced mandates to sophisticated solutions including global asset mix overlay management, currency overlay and country overlay. Their primary strategies include International Equity, Canadian Fixed Income and Currency Management.CIBC AM's International Equity strategy is designed to provide long-term returns through capital appreciation by investing in a diversified portfolio of equity securities of foreign companies in Europe, the Far East and the Pacific Basin. Their investment process focuses on bottom-up security selection. They seek to invest in companies that are global or regional leaders in their industries and whose earnings growth rate is consistently faster than that of the global economy. The strategy may use derivatives such as options, futures, forward contracts, swaps and other instruments for hedging and non-hedging purposes to provide exposure to securities, indices or currencies without investing in them directly. Derivatives may also be used to manage risk. In addition, the portfolios may invest in index participation units and other similar instruments.The firm's Canadian Fixed Income strategy seeks to generate income while preserving capital by investing primarily in bonds, debentures and other debt instruments of Canadian governments and corporations. The strategy may invest in securities of foreign issuers where allowed. Portfolio construction is based on fundamental macroeconomic research utilizing top down strategies such as duration, sector allocation and yield curve positioning. CIBC AM's security selection strategy relies on a variety of valuation techniques to identify attractively priced securities.CIBC AM offers both passive and active currency management. Their passive currency management strategies is designed to hedge some or all of the foreign currency exposure back to a base currency, with the intent of protecting against the impact of currency fluctuations in the foreign holdings of a portfolio. In contrast, their active currency management strategies are designed to manage a portfolio's currency exposure with the objective of generating incremental value or to protect the investor from foreign currency fluctuations.

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HSBC Investments Canada (HSBC Canada) employs a team approach to fund management. Once asset allocation is determined, the firm utilizes a blended top-down, bottom-up approach to sector weighting and individual security selection. Their investment style emphasizes broad economic factors and individual security selection. HSBC Canada evaluates the outlook for the major equity and bond markets, along with economic activity and currencies. This economic overview provides the basis for all of the firm's investment policies and decisions. HSBC Canada combines the results of their global economic overview with further regional analysis to determine views on factors such as the strength of the economy, direction of interest rates, level of corporate earnings growth and relative valuation of bond and stock prices. The firm then compares the relative attractiveness of different asset classes and markets over the short and longer term to develop asset mix targets that are consistent with portfolio constraints. In addition, given the cyclical nature of Canada's resource-based economy, the firm constantly monitors and interprets a variety of macroeconomic factors that influence industry sectors and companies within those industries. These factors include interest rates, commodity prices, inventory levels and money supply.

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Sionna Investment Managers is a value manager that seeks to capitalize on the identification of mispriced stocks. The firm's investment strategy is based on the idea that investors and companies overestimate and underestimate the value of stocks, creating price/value schisms. They employ a relative value approach to invest in solid, undervalued companies. Sionna considers investments in resource and cyclical stocks if the price is right and the investments can be expected to produce above-average, long-term returns.Although their investment approach is based upon bottom-up fundamental research, Sionna also considers what makes markets move and evaluates how these movements relate to historical patterns. When appropriate, they consider market trends when making buy/sell decisions. Sionna employs extensive quantitative analysis that is supported by a qualitative review to determine a stock's intrinsic value and its suitability for a portfolio relative to other stocks in the firm's universe. Sionna's Intrinsic Value Model combines public information with in-house research that focuses on a combination of historical book value, ROE and relative p/e ratios.

Key Stats and Financials As of 2017
Market Capitalization
$2.46B
Total Enterprise Value
$4.7B
Earnings Per Share
$1.24
Revenue
$423M
Net Profit
$57.3M
Enterprise Value Sales
11.12x
TEVNet Income
82.11x
Debt TEV
0.55x
Total Debt
$2.59B
Total Equity
$2.98B
EBITDAMargin
49.22%
Enterprise Value EBITDAOperating
22.59x
EBITDA
$208M
Three Year Compounded Annual Growth Rate Of Revenue
-3.68%
Five Year Compounded Annual Growth Rate Of Revenue
-0.78%
Non-Profit Donations & Grants
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