Boardwalk Real Estate: Q2 Earnings Snapshot

CALGARY, Alberta (AP) _ Boardwalk Real Estate Investment Trust (BOWFF) announced a key profitability metric for its second quarter on Thursday.

The Real Estate Investment Trust, based in Calgary, Alberta, said it had cash from operations of $ 31.1 million, or 61 cents per share, during the period.

Funds from Operations is a highly observed measure in the REIT industry. It takes the net profit and adds items like depreciation and amortization.

The company said it had net earnings of $ 41.2 million, or 89 cents per share.

The real estate investment trust, which owns shared apartments, based in Calgary, Alberta, had sales of $ 95.7 million for the period.

The company’s shares are up 42% since the start of the year. In the last few minutes of trading on Thursday, the stock hit $ 37.68, up 56% over the past 12 months.

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This story was created by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BOWFF at https://www.zacks.com/ap/BOWFF