Boardwalk REIT (BEI-UN:CA) — TD Securities maintained its Buy rating with a C$82.00 price target. Boardwalk reported second-quarter funds from operations per unit growth of 2.6% and same-property occupancy of 97.0%, supporting its residential rental income base. Looking ahead, analysts will be watching whether rent growth and occupancy sustain cash flow after maintenance spending and financing costs. Apartment supply, operating expenses and mortgage refinancing will shape the valuation outlook going forward.
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