Boardwalk Real Estate Investment Trust (TSX: BEI.UN) has reported strong financial results for the second quarter of 2025. The Trust achieved a Funds From Operations (FFO) of $1.16 per unit, marking an increase of 11.5% compared to Q2 2024. Net Operating Income (NOI) for the period stood at $104.2 million, representing a 9.0% rise from the previous year. Additionally, the Same Property NOI saw a 9.8% increase, reaching $104.4 million. The operating margin improved by 210 basis points to 66.2%. For the six-month period ending June 30, 2025, Boardwalk REIT reported a profit of $210.1 million. The FFO per unit for this period was $2.22, reflecting an 11.6% increase from the same period last year. Sam Kolias, Chairman and CEO of Boardwalk REIT, highlighted the company's significant growth in NOI, FFO per Unit, and Operating Margin, attributing these results to their resilient operating platform and effective team. He emphasized the Trust's strategy of enhancing cash flows to strengthen the balance sheet and pursue growth opportunities. Boardwalk REIT's trust units continue to trade on the Toronto Stock Exchange under the symbol BEI.UN. Additional financial information and updates can be accessed on the Trust's investor website.
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