Voting Results Revealed from Boardwalk REIT's Annual Unitholder Meeting in 2026

Boardwalk REIT Announces 2026 Unitholder Meeting Outcomes

On May 5, 2026, Boardwalk Real Estate Investment Trust (TSX: BEI.UN), affectionately known as Boardwalk REIT, disclosed the results from its annual meeting held a day prior. The meeting, which took place on May 4, 2026, focused on several critical voting matters, notably the election of trustees, with a substantial turnout from unitholders. A total of 44,073,343 units were represented, accounting for 84.35% of the Trust's outstanding units, which included Class B Units exchangeable into common units.

Key Decisions Made at the Meeting

1. Fixing the Number of Trustees

The first resolution put forth was the determination of the number of trustees to be elected. The proposal to limit the number to a maximum of seven was overwhelmingly accepted, with 99.89% voting in favor and only 0.11% against.

2. Election of Trustees

Several nominees were on the ballot for election to the Board of Trustees. The following individuals were elected, each with varying levels of support:

- Andrea Goertz: Received 34,210,778 votes (78.11% approval)
- Gary Goodman: Garnered 39,863,815 votes (91.02% approval)
- James Ha: Secured 42,002,278 votes (95.90% approval)
- Sam Kolias: Acquired 41,649,825 votes (95.10% approval)
- Samantha Kolias-Gunn: Gained 42,301,663 votes (96.58% approval)
- Scott Morrison: Was elected with an impressive 43,706,085 votes (99.79% approval)
- Brian G. Robinson: Received 39,228,795 votes (89.57% approval)

All of the trustee nominees were successfully elected to serve on the Board, reflecting strong unitholder confidence in their leadership.

3. Appointment of Auditors

Deloitte LLP was reappointed as the auditor for Boardwalk REIT. This resolution passed with 95.79% of votes in favor and 4.21% withheld, signifying trust in Deloitte's capabilities to oversee the financial directives of the company.

4. Issuance of Unallocated Deferred Units

The meeting approved the issuance of unallocated deferred units under the Trust's Deferred Unit Plan, with 93.43% voting in favor and just 6.57% opposed.

5. Executive Compensation Advisory Vote

An advisory resolution regarding the approach to executive compensation was debated. This plan received substantial support, with 98.38% in favor and only 1.62% against, indicating a strong backing for Boardwalk's compensation strategy.

Corporate Profile

Boardwalk REIT aims to be Canada's most inviting community provider, focusing on offering exceptional living experiences across its various real estate properties. With over 34,000 residential units across more than 200 communities, it prides itself on its long-standing reputation for creating spaces where families feel at home.

The company operates under three distinct brands and is known for its mission to build better communities. Boardwalk's strategic focus on capital equity, community management, and purposeful operational practices enables it to craft outstanding experiences for all its residents. As a result, Boardwalk REIT enjoys high tenant retention rates and strong financial performance.

For those interested in exploring further details, the Trust's investor relations are accessible via its official website at www.bwalk.com/investors. Boardwalk REIT's Trust Units are publicly traded on the Toronto Stock Exchange with the ticker symbol BEI.UN.