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BTB Real Estate Investment Trust

Real Estate CA BTB.UN

3.73CAD
-0.07(1.84%)

Last update at 2026-06-03T20:00:00Z

Day Range

3.723.78
LowHigh

52 Week Range

2.643.60
LowHigh

Fundamentals

  • Previous Close 3.80
  • Market Cap268.33M
  • Volume127569
  • P/E Ratio7.33
  • Dividend Yield9.80%
  • EBITDA67.14M
  • Revenue TTM127.39M
  • Revenue Per Share TTM1.48
  • Gross Profit TTM 70.43M
  • Diluted EPS TTM0.42

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax 36.63M 38.15M 41.57M 2.92M 50.93M
Minority interest - - - - -
Net income 36.63M 38.15M 57.78M -14.96300M 82.77M
Selling general administrative 7.72M 7.44M 6.84M 6.75M 5.51M
Selling and marketing expenses - - - - -
Gross profit 74.75M 70.43M 56.34M 51.26M 50.90M
Reconciled depreciation 0.11M 0.12M 0.09M 0.10M 0.11M
Ebit - 70.43M 56.34M 51.26M 50.90M
Ebitda - 63.78M 49.98M 45.80M 45.26M
Depreciation and amortization - -6.64600M -6.35500M -5.46500M -5.63300M
Non operating income net other - - - - -
Operating income 67.03M 70.43M 56.34M 51.26M 50.90M
Other operating expenses - 56.50M 50.85M 48.46M 48.22M
Interest expense 34.15M 30.43M 24.54M 24.89M 25.11M
Tax provision - - - - -
Interest income 1.45M 0.62M 0.74M 0.56M -
Net interest income -32.41800M -29.80300M -23.91100M -24.33000M -25.11500M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense - -4.91900M -16.21600M 17.88M -31.83800M
Total revenue 127.39M 119.50M 100.34M 92.97M 93.60M
Total operating expenses 60.36M 7.44M 6.84M 6.75M 5.51M
Cost of revenue 52.64M 49.06M 44.01M 41.71M 42.70M
Total other income expense net 2.02M -32.27600M -14.76800M -48.34100M 0.03M
Discontinued operations - - - - -
Net income from continuing ops 36.63M 38.15M 41.57M 2.92M 50.93M
Net income applicable to common shares - 38.15M 42.56M 2.92M 51.88M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 1179.34M 1129.90M 926.67M 939.13M 855.22M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 3.16M 2.75M 2.15M 2.60M 2.21M
Total liab 717.27M 725.48M 584.60M 582.99M 556.85M
Total stockholder equity 462.07M 404.43M 342.07M 356.14M 298.38M
Deferred long term liab - - - - -
Other current liab 2.13M 1.85M 1.59M 2.18M -13.06400M
Common stock 395.96M 351.54M 309.39M 305.03M 274.23M
Capital stock 395.96M 351.54M 309.39M 305.03M 274.23M
Retained earnings -202.23500M -177.30800M -155.95200M -134.59600M 24.15M
Other liab 1.66M 12.21M 7.30M 1.09M 0.67M
Good will - - - - -
Other assets - 3.02M 6.03M 6.04M -
Cash 2.40M 7.19M 9.06M 1.80M 8.82M
Cash and equivalents - - - - -
Total current liabilities 108.30M 114.77M 139.13M 107.75M 18.98M
Current deferred revenue - - - - -
Net debt 689.75M 680.52M 543.42M 557.36M 541.05M
Short term debt 86.11M 91.19M 119.25M 87.59M 15.00M
Short long term debt 86.09M 91.19M 119.25M 87.59M 15.00M
Short long term debt total 692.15M 687.72M 552.49M 559.16M 549.88M
Other stockholder equity - - - - -133.82500M
Property plant equipment 1165.20M 1111.42M 904.20M 924.58M 839.34M
Total current assets 10.38M 15.47M 16.43M 7.53M 14.28M
Long term investments - - - - -
Net tangible assets 462.07M 404.43M 342.07M 356.14M 298.38M
Short term investments - - - - -
Net receivables 4.82M 5.53M 5.21M 3.81M 3.25M
Long term debt 601.86M 592.31M 429.00M 471.57M 534.88M
Inventory - - - - -
Accounts payable 20.06M 21.73M 18.30M 17.98M 17.05M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 268.35M 230.19M 188.62M 185.71M 133.82M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 1168.63M 1113.99M 909.90M 931.33M 840.61M
Deferred long term asset charges - - - - -
Non current assets total 1168.96M 1114.43M 910.24M 931.60M 840.94M
Capital lease obligations 4.20M 4.22M 4.23M - -
Long term debt total - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -65.70800M -71.73000M 12.13M -18.56600M -57.74700M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities -65.70800M -71.73000M 12.13M -18.56600M -57.74700M
Net borrowings 5.85M 23.35M -10.05800M -17.66700M 33.76M
Total cash from financing activities -5.31900M 13.32M -51.01600M -35.67800M 19.93M
Change to operating activities 1.29M 3.93M -1.46500M -1.06500M -1.15000M
Net income 38.15M 41.57M 2.92M 51.88M 41.34M
Change in cash -4.78700M -1.87100M 7.26M -7.02100M 6.91M
Begin period cash flow 7.19M 9.06M 1.80M 8.82M 1.92M
End period cash flow 2.40M 7.19M 9.06M 1.80M 8.82M
Total cash from operating activities 66.24M 56.54M 46.15M 47.22M 44.72M
Issuance of capital stock 38.44M 30.00M 0.00000M 27.22M 27.24M
Depreciation 0.12M 0.09M 0.10M 0.11M 0.09M
Other cashflows from investing activities - - - - -
Dividends paid 21.68M 18.28M 19.17M 21.79M 19.22M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock - - - - -
Other cashflows from financing activities 62.50M 107.37M 38.78M 31.64M 97.91M
Change to netincome 23.56M 7.66M 41.52M -6.70200M 1.22M
Capital expenditures 0.00000M 0.20M 0.17M 0.04M 0.21M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 1.29M 3.93M -1.46500M -1.06500M -1.15000M
Stock based compensation 0.54M 1.06M 0.18M 0.68M 0.35M
Other non cash items 26.13M 9.88M 44.41M -4.37500M 4.09M
Free cash flow 66.24M 56.34M 45.97M 47.18M 44.51M

Peer Comparison

Sector: Real Estate Industry: REIT - Office

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
BTB-UN
BTB Real Estate Investment Trust
-0.07 1.84% 3.73 7.33 7.28 2.11 0.55 7.77 13.96
AP-UN
Allied Properties Real Estate Investment Trust
-0.1 1.01% 9.80 - 9.52 4.60 0.38 10.87 84.47
D-UN
Dream Office Real Estate Investment Trust
-0.03 0.18% 17.01 - 13.39 2.20 0.28 8.65 -38.0127
TNT-UN
True North Commercial Real Estate Investment Trust
0.01 0.12% 8.33 - - 1.13 0.32 7.16 -39.3197
INO-UN
Inovalis Real Estate Investment Trust
- -% 0.80 - - 1.97 0.18 7.03 -8.9319

Reports Covered

Stock Research & News

Profile

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB REIT invests in industrial, off-downtown core office and necessity-based retail properties across Canada for the benefit of their investors. As of today, BTB owns and manages 75 properties, representing a total leasable area of approximately 6.1 million square feet.

BTB Real Estate Investment Trust

1411 Crescent Street, Montreal, QC, Canada, H3G 2B3

Key Executives

Name Title Year Born
Mr. Michel Leonard Pres, CEO & Non Independent Trustee 1957
Mr. Mathieu Bolte VP & CFO NA
Mr. Peter Picciola VP & Chief Investment Officer NA
Philippine Soulie Director of Communications & Investor Relations NA
Ms. Eve Charbonneau Director of Legal Affairs NA
Eleni Mentzelos Director of HR NA
Nathalie Jacques Chief Corp. Accountant NA
Mr. Étienne Charbonneau Principal Controller NA
Ms. Sylvie Hatotte Director of Information System and Processes NA

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