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BTB Real Estate Investment Trust

BTB Real Estate Investment Trust

BTB-UN · TO · Real Estate / REIT - Office

3.55CAD+0.07 (+2.01%)

Price History

Full chart

Market Stats

Previous Close3.48
Open3.50
Day Range3.48 – 3.55
52-Week Range3.51 – 4.09
Volume161.12K
Market Cap324.52M
P/E (TTM)13.00
Forward P/E9.89
EPS0.28
Dividend Yield8.24%
Beta0.79
50-Day Avg3.78
200-Day Avg3.91

About

BTB Real Estate Investment Trust is a real estate investment trust listed on the Toronto Stock Exchange. The strategy stock Exchange. BTB's investment strategy focuses on acquiring industrial properties in major Canadian markets. To date, BTB owns and self-manages a portfolio of 72 properties, including industrial, essential retail and commercial properties, suburban offices, representing a total leasable area of approximately 5.9 million square feet. BTB Real Estate Investment Trust was established on 8 September 2005 and was incorporated in Canada.

Company Details

  • SectorReal Estate
  • IndustryREIT - Office
  • CEOMr. Michel Leonard
  • Employees0
  • Headquarters1411 Crescent Street, Montreal, QC, Canada, H3G 2B3, Canada
  • Websitehttps://www.btbreit.com

Leadership

  • Mr. Michel LeonardPresident, CEO & Non Independent Trustee · b. 1957
  • Mr. Marc-Andre LefebvreExecutive VP, COO & CFO
  • Mr. Francis HogueDirector of Legal Affairs
  • Eleni MentzelosDirector of Human Resources
  • Nathalie JacquesDirector of Corporate Accounting

Financials

Income Statement

Currency: CAD2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue302.90K10.96M27.91M30.32M34.15M41.46M48.12M63.44M67.17M72.89M73.38M73.32M87.42M93.60M92.97M100.34M119.50M127.83M130.03M130.14M
Growth (%)-+3516.85%+154.73%+8.67%+12.62%+21.39%+16.06%+31.83%+5.89%+8.52%+0.67%-0.09%+19.24%+7.07%-0.68%+7.93%+19.09%+6.97%+1.72%+0.08%
Cost of Revenue-1.80M12.66M12.82M15.24M6.96M21.12M28.10M29.19M31.60M32.05M32.92M39.79M42.70M41.71M44.01M49.06M52.45M54.98M55.37M
Gross Profit302.90K9.16M15.24M17.51M18.91M34.50M27.00M35.34M37.98M41.29M41.34M40.39M47.64M50.90M51.26M56.34M70.43M75.38M75.05M74.77M
Gross Margin100.00%83.57%54.62%57.74%55.38%83.22%56.10%55.70%56.55%56.65%56.33%55.09%54.49%54.38%55.14%56.14%58.94%58.97%57.72%57.46%
Operating Expense705.53K6.51M8.18M9.39M10.21M12.39M000000000000011.57M
Operating Income-402.64K2.64M7.06M8.12M8.71M22.11M27.00M35.34M37.98M41.29M41.34M40.39M47.64M50.90M51.26M56.34M70.43M75.38M75.05M63.20M
Operating Margin-132.93%24.14%25.31%26.78%25.49%53.33%56.10%55.70%56.55%56.65%56.33%55.09%54.49%54.38%55.14%56.14%58.94%58.97%57.72%48.57%
EBITDA-288.02K5.93M13.09M14.63M15.08M25.11M23.58M31.63M33.94M37.41M37.18M36.23M42.82M45.49M44.61M49.58M63.12M71.30M75.84M59.45M
EBITDA Margin-95.09%54.08%46.91%48.23%44.16%60.57%49.01%49.86%50.53%51.32%50.66%49.42%48.98%48.60%47.98%49.41%52.82%55.78%58.33%45.68%
Net Income-461.13K-1.72M-2.74M-2.78M-5.97M7.45M17.97M18.35M12.88M8.67M22.09M28.17M41.34M26.99M-22.60M17.36M38.15M36.60M38.74M22.37M
Net Income Margin-152.24%-15.67%-9.81%-9.17%-17.49%17.97%37.34%28.93%19.18%11.89%30.10%38.42%47.28%28.83%-24.30%17.31%31.93%28.63%29.79%17.19%
R&D----------0.30.370.470.550.030.410.320.29--
R&D as % of Total Revenue----------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense--9.69M10.60M13.04M20.66M18.65M21.52M20.49M22.29M20.97M19.89M23.09M25.11M24.89M24.54M30.43M34.61M37.03M36.94M
Interest Expense % of Total Revenue--34.72%34.95%38.19%49.84%38.75%33.93%30.50%30.58%28.57%27.13%26.41%26.83%26.78%24.46%25.46%27.07%28.48%28.39%

Balance Sheet

Currency: CAD2005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets472.00K37.38M191.01M229.30M222.27M285.62M358.94M504.93M546.56M586.74M633.08M658.46M762.39M855.22M939.13M926.67M1.13B1.18B1.23B1.26B1.24B
Total Liabilities82.00K12.93M130.92M176.96M175.53M236.36M282.30M380.15M393.97M409.14M458.72M445.50M513.44M556.85M582.99M584.60M725.48M717.27M749.99M761.72M752.95M
Total Equity390.00K24.44M60.09M52.34M46.74M49.26M76.64M124.78M152.59M177.60M174.36M212.96M248.95M298.38M356.14M342.07M404.43M462.07M477.65M494.28M490.97M
Cash366.23K20.91M6.17M357.00K376.00K1.88M3.79M4.61M2.53M6.43M4.14M6.67M1.92M8.82M1.80M9.06M7.19M2.40M912.00K2.47M5.43M
Total Debt-11.44M123.98M169.79M169.21M227.18M265.08M365.62M378.79M395.13M445.26M432.04M494.69M534.88M559.16M552.49M687.72M692.15M724.23M735.24M729.08M
Net Debt-366.23K-9.47M117.81M169.44M168.84M225.31M261.29M361.01M376.26M388.70M441.12M425.38M492.78M526.05M557.36M543.42M680.52M689.75M723.32M732.77M723.64M

Cash Flow

Currency: CAD2005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-23.77K-15.01K4.26M5.96M6.33M3.27M18.05M20.43M32.17M36.68M38.24M39.85M38.45M44.72M47.22M46.15M56.54M66.24M70.85M66.00M37.49M
Investing Cash Flow--14.32M-112.17M-25.14M-1.45M-32.42M-38.00M-88.39M-28.98M-44.97M-56.80M-17.87M-94.18M-57.75M-18.57M12.13M-71.73M-65.71M-46.38M-19.58M1.58M
Financing Cash Flow390.00K34.88M93.18M13.37M-4.87M30.64M21.52M69.13M-5.27M12.19M16.27M-19.45M50.98M19.93M-35.68M-51.02M13.32M19.48M-25.96M-44.87M-36.11M
Capital Expenditure014.32M115.22M23.61M176.00K3.44M116.00K173.00K347.00K77.00K154.00K56.00K76.00K214.00K40.00K171.00K199.00K65.71M50.00K0169.00K
Free Cash Flow-23.77K-14.33M-110.97M-17.65M6.16M-167.00K17.94M20.25M31.82M36.60M38.08M39.79M38.37M44.51M47.18M45.97M56.34M131.95M70.80M66.00M37.32M
Dividends Paid---6.57M3.15M2.83M5.43M6.78M9.38M11.30M12.69M14.22M16.04M19.09M21.57M19.01M18.17M21.57M22.29M22.85M26.10M
FCF to OCF100.00%95465.33%-2606.23%-296.04%97.22%-5.10%99.36%99.15%98.92%99.79%99.60%99.86%99.80%99.52%99.92%99.63%99.65%199.20%99.93%100.00%99.55%
Dividend Paid to FCF----37.24%51.10%-1694.01%30.26%33.47%29.48%30.88%33.31%35.72%41.80%42.88%45.71%41.36%32.25%16.35%31.48%34.61%69.94%

Earnings

Report DateMay 7, 2007Aug 31, 2007Nov 26, 2007Feb 27, 2008Apr 27, 2008Aug 14, 2008Nov 11, 2008May 25, 2009Aug 17, 2009Nov 16, 2009May 31, 2010Aug 26, 2010Nov 26, 2010Jun 14, 2011Aug 15, 2011Nov 15, 2011May 15, 2012Aug 15, 2012Nov 13, 2012Mar 28, 2014Aug 11, 2015Nov 4, 2015Mar 22, 2016May 14, 2020Aug 14, 2020Mar 16, 2021May 10, 2021Aug 9, 2021Nov 8, 2021Feb 24, 2022May 9, 2022Aug 7, 2022Nov 7, 2022Feb 26, 2023May 8, 2023Aug 7, 2023Nov 6, 2023Feb 26, 2024May 6, 2024Aug 5, 2024Nov 4, 2024Feb 24, 2025May 5, 2025Aug 4, 2025Nov 3, 2025Feb 24, 2026May 12, 2026Aug 11, 2026Nov 2, 2026
EPS Estimate--0.05-0.05--------------------------------------------
EPS Actual-0.12-0.040.01-0.21-0.20-0.04-0.12-0.12-0.08-0.08-0.17-0.18-0.20-0.100.220.340.240.260.180.270.110.11-0.06-0.09-0.020.060.040.100.120.330.080.210.140.020.100.130.170.020.080.080.060.210.090.070.11-0.010.090.10-
Surprise---80.00%--500.00%--------------------------------------------
Timing--After-hours-After-hours------------------Pre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap324.52M
Enterprise Value1.07B
Trailing P/E13.00
Forward P/E9.89
PEG Ratio0.00
Price / Sales2.51
Price / Book0.65
EPS0.28
Book Value5.60
Revenue (TTM)129.05M
Gross Profit (TTM)74.81M
EBITDA65.40M
Profit Margin19.91%
Operating Margin51.50%
Return on Equity5.19%
Return on Assets3.21%
Shares Outstanding88.46M
Shares Float86.77M
Beta0.79
Dividend Yield8.24%
Dividend Rate0.30
Payout Ratio34.64%

Dividends

202610×
0.03Oct 30, 20260.30Sep 29, 20260.03Aug 28, 20260.03Jul 31, 20260.03Jun 30, 20260.03May 29, 20260.03Apr 30, 20260.03Mar 31, 20260.03Feb 27, 20260.03Jan 30, 2026
202512×
0.03Dec 31, 20250.03Nov 28, 20250.03Oct 31, 20250.03Sep 29, 20250.03Aug 29, 20250.03Jul 31, 20250.03Jun 30, 20250.03May 30, 20250.03Apr 30, 20250.03Mar 31, 20250.03Feb 28, 20250.03Jan 31, 2025
20242×
0.03Dec 31, 20240.03Nov 29, 2024

Stock Splits

  • Jun 7, 20121:5