08:55 AM EST, 11/20/2025 (MT Newswires) -- Boardwalk Real Estate Investment Trust (BEI-UN.TO) announced Thursday that it received approval from the Toronto Stock Exchange to renew its normal course issuer bid for an additional one-year period.

The NCIB allows the REIT to purchase up to around 4.01 million trust units of the Trust, approximately 10% of the public float as of Nov. 9, 2025.

The buyback will begin on Nov. 24 and will expire no later than Nov. 23, 2026.

All units purchased by the REIT pursuant to the NCIB will be cancelled.

The company said that, pursuant to a previous notice of intention to conduct a NCIB, under which the Trust sought and received approval from the TSX to purchase up to around 4.06 million units for the period of Nov. 22, 2024 to Nov. 21, 2025, the Trust purchased 775,079 units.