Sector: Real Estate | Industry: Commercial REITs |
Company Contact | |
Address: | 300-1411 rue Crescent MONTREAL QC H3G 2B3 |
Tel: | 1-514-2860188 |
Website: | https://www.btbreit.com |
IR: | See website |
Key People | ||
Michel Leonard President, Chief Executive Officer, Trustee | Mathieu Bolte Chief Financial Officer, Chief Operating Officer, Executive Vice President |
Business Overview |
BTB Real Estate Investment Trust (the Trust) is a Canada-based real estate investment trust (REIT). The Trust's primary objective is to maximize total return to unitholders, to generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders, to grow the Trust's assets through internal growth and accretive acquisitions, and optimize the value of its assets through dynamic management of its properties to maximize their long-term value. The Trust invests in industrial, off-downtown core office and necessity-based commercial properties across Canada for the benefit of its investors. The Trust owns and manages approximately 75 properties, representing a total leasable area of approximately 6.1 million square feet. The Trust operates through three segments, which include Industrial, Off downtown core office and Necessity-based retail. The Trust's operations are located in the provinces of Quebec, Ontario, Alberta and Saskatchewan. |
Financial Overview |
For the fiscal year ended 31 December 2023, BTB Real Estate Investment Trust revenues increased 7% to C$127.8M. Net income decreased 4% to C$36.6M. Revenues reflect Industrial segment increase of 43% to C$32.7M, Retail segment increase of 5% to C$29.2M, FFO per Share (Basic) increase of 3% to C$0.45. Net income was offset by Office segment income decrease of 7% to C$34.2M, Net Operating Income (NOI) Office decrease of 7% to C$34.2M. |
Employees: | 81 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $998.05M as of Dec 31, 2023 |
Annual revenue (TTM): | $127.83M as of Dec 31, 2023 |
EBITDA (TTM): | $75.48M as of Dec 31, 2023 |
Net annual income (TTM): | $36.60M as of Dec 31, 2023 |
Free cash flow (TTM): | $48.51M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $723.32M as of Dec 31, 2023 |
Shares outstanding: | 86,940,067 as of Feb 16, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |