CALGARY,
April 1, 2013 /PRNewswire/ -
Boardwalk REIT would like to announce that its First Quarter
financial results for the three month period ended March 31, 2013 will be released after market
close on May 15, 2013. We invite you
to participate in the teleconference held to discuss these results
the following morning, May 16, 2013,
at 11:00 am (Eastern). Senior
Management will speak to the period's results and provide a
financial and operational update. Presentation and supplemental
materials will be made available on our website prior to the call
(please visit: www.BoardwalkREIT.com).
Participation & Registration:
Please RSVP to Investor Relations at
403-531-9255 or by email to: investor@bwalk.com.
Teleconference:
The telephone numbers for the conference are
toll-free 1-888-231-8191 (within North
America) and 647-427-7450 (International).
Note: Please provide the operator with the below
Conference Call ID or Topic when dialing in to the call.
Conference ID: 17378277
Topic: Boardwalk Real Estate Investment Trust,
2013 First Quarter Results.
Webcast:
Investors will be able to listen to the call and
view the slide presentation over the Internet by visiting
www.BoardwalkREIT.com on the morning of the call. An
information page will be provided for any software and system
requirements. The live webcast and slide presentation will also be
available at:
http://www.newswire.ca/en/webcast/detail/1121881/1223347
Corporate Profile:
Boardwalk REIT is Canada's friendliest landlord and currently
owns and operates more than 225 properties with 35,277 residential
units (as at Dec 31, 2012) totaling
approximately 30 million net rentable square feet.
Boardwalk's principal objectives are to provide its Residents with
the best quality communities and superior Customer Service, while
providing Unitholders with sustainable monthly cash distributions,
and increase the value of its Trust Units through selective
acquisitions, dispositions, and effective management of its
residential multi-family properties. Boardwalk REIT is
vertically integrated and is Canada's leading owner/operator of
Multi-Family Communities with 1,600 Associates bringing Customers
home to properties located in Alberta, Saskatchewan, Ontario, Quebec, and British
Columbia.
Boardwalk REIT's Trust units are listed on the
Toronto Stock Exchange, trading under the symbol BEI.UN. The
Trust's total Enterprise Value as of Dec 31,
2012 was approximately $5.7
billion. Additional information about Boardwalk REIT can be
found on the Trust's website at www.BoardwalkREIT.com.
CAUTIONARY STATEMENTS REGARDING
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking
statements within the meaning of applicable securities laws.
These statements include, but are not limited to, statements made
in this News Release, and other statements concerning Boardwalk's
objectives, its strategies to achieve those objectives, as well as
statements with respect to management's beliefs, plans, estimates,
and intentions, and similar statements concerning anticipated
future events, results, circumstances, performance or expectations
that are not historical facts. Forward-looking statements
generally can be identified by the use of forward-looking
terminology such as "outlook", "objective", "may", "will", "would",
"expect", "intend", "estimate", "anticipate", "believe", "should",
"plan", "continue", or similar expressions suggesting future
outcomes or events. Such forward-looking statements reflect
management's current beliefs and are based on information currently
available to management. All forward-looking statements in
this News Release are qualified by these cautionary
statements.
These statements are not guarantees of future
events or performance and, by their nature, are based on
Boardwalk's estimates and assumptions, which are subject to risks
and uncertainties, including those described under "Risks and
Uncertainties" in the Management's Discussion & Analysis of
Boardwalk REIT's 2012 Annual Report, which could cause actual
events or results to differ materially from the forward-looking
statements contained in this News Release. Those risks and
uncertainties include, but are not limited to, those related to:
liquidity in the global marketplace associated with current
economic conditions, occupancy levels, access to debt and equity
capital, interest rates, the relative illiquidity of real property,
unexpected costs or liabilities related to acquisitions or
dispositions, construction, environmental matters, legal matters,
reliance on key personnel, income taxes, the conditions to the
transactions not being satisfied resulting in the failure to
complete some or all of the proposed transactions described herein,
the trading price of the securities of Boardwalk, lack of
availability of acquisition or disposition opportunities for the
Trust and exposure to economic, real estate and capital market
conditions in North America.
Material factors or assumptions that were applied in drawing a
conclusion or making an estimate set out in the forward-looking
information may include, but are not limited to: that the
general economy remains stable, interest rates are relatively
stable, acquisition/disposition capitalization rates are stable,
competition for acquisition or disposition of residential
apartments remains intense, and equity and debt markets continue to
provide access to capital. These assumptions, although
considered reasonable by the Trust at the time of preparation, may
prove to be incorrect. For more exhaustive information on
these risks and uncertainties you should refer to our most recently
filed annual information form which is available at
www.sedar.com.
Although the forward-looking information
contained in this News Release is based upon what management
believes are reasonable assumptions, there can be no assurance that
actual results will be consistent with these forward-looking
statements. Certain statements included in this News Release may be
considered "financial outlook" for purposes of applicable
securities laws, and such financial outlook may not be appropriate
for purposes other than this News Release. You should not
place undue importance on forward-looking information and should
not rely upon this information as of any other date. While we may
elect to, we are under no obligation and do not undertake to update
this information at any particular time.
SOURCE Boardwalk Real Estate Investment Trust