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Boardwalk Real Estate Investment Trust (BOWFF) surprised us with a spectacular Q2 and at the same time upheld our long thesis from June. We had felt strongly that this residential REIT was being unfairly discounted by the market due to the oil war and the pandemic, however, we're still expecting Q2 to show some battle scars. We had left our readers with:
We think Q2 results will have the worst of the impact and we can go from there to extrapolate the annual results