Stock of the week July 2nd Week 2024

 As of July 2nd week of 2024, I want to share a stock that is in my portfolio and performing really well and hoping to give a massive return in the future. The Stock symbol is BEI.UN, named Broadwalk a REIT.

Actually, Real Estate is not on the favorable side of the market right now. The headwinds like interest rate, low occupancy rate, and increasing asset value are pulling it down to the bottom. So finding an ETF that consists of good REITs in it or a specific REIT itself will appreciate us in the coming days.

In my opinion, Broadwalk is one such REIT, with all the correct values to accumulate now. 

With a Market Cap of 3.7 B, Earning Per Share is 15.93 with the p/e ratio coming to 4.34. The current stock price is around 72$. 

The only negative or unlike thing in Broadwalk is their dividend yield, which is less than 2%, comparably very low with their peers. Other than that everything is in the position where it is supposed to be for an investor to invest.

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Boardwalk has a proven long-term track record of building better communities. Its three-tiered and distinct brands: Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle, cater to a large diverse demographic. Boardwalk's disciplined approach to capital allocation, acquisition, development, purposeful re-positioning, and management of apartment communities allows the Trust to provide its brand of community across Canada creating exceptional Resident Member experiences. It has higher free cash flow and investment returns, stable monthly distributions, and value creation for the stakeholders. 

Personally, I used to rent one of their apartment in my early stages and used to pay rent every month. So now, I plan to invest with them and collect a little of the dividend every month.