10:10 AM EST, 01/06/2025 (MT Newswires) -- Boardwalk Real Estate Investment Trust (BEI-UN.TO) on Monday said it continues to see strength in occupied rents and leasing activity heading into the latter part of winter.

For the month of November, occupied rents (a component of rental revenue and refers to same properties only) was $1515, compared with $1375 in Nov. 2023.

Same property portfolio occupancy was 97.6% for Jan. 2025, compared with 99% for Jan. 2024.

In late December, the Trust finalized the disposition of 390 suites in Edmonton for $79.95 million. The sales price equates to approximately $205,000 per suite. The Edmonton dispositions will close on Jan. 21, after which Boardwalk REIT will pay out existing mortgages of $21.6 million.

In December, the Trust deployed $10 million into its Normal Course Issuer Bid program at a weighted average price of $67.07.

Boardwalk REIT will report its fourth-quarter results on Feb. 20, after market close.

The Trust's units were last seen down $0.61, to $64.67, on the Toronto Stock Exchange.

Price: 64.74, Change: -0.54, Percent Change: -0.83