Boardwalk Real Estate Investment Trust announced its quarterly financial results, reporting a fourth-quarter funds from operations (FFO) of $0.94, surpassing estimates by $0.19. The company also reported a significant increase in rental revenue, totaling $155.6 million, which represents a 9.6% year-over-year growth.
Additionally, Boardwalk REIT introduced its financial guidance for 2025, with an anticipated FFO range of $4.25 to $4.55 per unit. The company also forecasted same property net operating income (NOI) growth to be between 4.0% and 8.0%. The consensus for the full-year 2025 FFO is set at $4.44.