Wednesday, February 13, 2013

Boardwalk REIT Announces Solid Fourth Quarter and Full Year 2012 Financial Results



Sam Kolias, chairman and CEO
Boardwalk Real Estate Investment Trust
CALGARY, ALBERTA, CANADA, Feb. 13, 2013 /PRNewswire/ - Boardwalk Real Estate Investment Trust ("Boardwalk", "Boardwalk REIT" or the "Trust") today announced positive financial results for the fourth quarter and fiscal year of 2012.

Funds From Operations ("FFO") for the fourth quarter totalled $38.4 million, or $0.73 per unit on a diluted basis, compared to FFO of $34.2 million or $0.65 per unit for the same period last year, an increase of
12.4% and 12.3%, respectively.

FFO for the twelve-month period ended December 31, 2012 totalled $150.3 million or $2.87 per unit on a diluted basis, compared to FFO of $131.8 million or $2.52 per unit for the same period last year, an increase of 14.1% and 13.9%, respectively.

For a complete copy of the company’s news release, please contact:

 Investor Relations
(403)531-9255

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