Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  BTB Real Estate Investment Trust    BTB.UN   CA11777P3007

BTB REAL ESTATE INVESTMENT TRUST (BTB.UN)
My previous session
Most popular
  Report  
Delayed Quote. Delayed  - 09/20 11:39:59 pm
4.75 CAD   +1.50%
09/14BTB REAL ESTATE : announces its distribution for the month of Septem..
AQ
08/30BTB REAL ESTATE : Ex-dividend day for
FA
08/21BTB REAL ESTATE : and its ees!
AQ
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

BTB Real Estate Investment Trust : announces the acquisition of a property in downtown Montreal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/12/2018 | 11:34pm CEST

MONTRÉAL, July 12, 2018 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB" or the "Trust") is pleased to announce the acquisition of mixed-use property (with a retail and an office component) strategically located at the corner of Sainte-Catherine and Crescent Streets, more specifically at 1327-1333 Saint-Catherine Street West and 1411 Crescent Street in Montréal.

1327-1333 Saint-Catherine Street West and 1411 Crescent Street in Montréal (CNW Group/BTB Real Estate Investment Trust)

With a total leasable area of approximately 31,000 square feet, this $25.2 million acquisition, excluding transaction fees, brings to 72 the number of properties owned by the Trust. This acquisition is in line with the conclusions of BTB's strategic review, selling its smaller properties or its properties located in smaller markets, while purchasing larger properties or properties located in larger markets in the provinces of Quebec and Ontario to maximize the Trust's financial performance.

BTB's growth and the increase of the number of employees caused the Trust to sell its head office and in the coming fall, the Trust will relocate its operation in this recently acquired property. BTB will be an important occupant of this property, strategically located in downtown Montreal.

About BTB

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. BTB now owns 72 retail, office and industrial properties for a total leasable area of more than 5.4 million square feet. BTB's asset value is approximately $790M. The objectives of BTB are: i) to grow its revenues from its assets to increase distributable income and therefore fund distributions; (ii) to maximize the value of its assets through dynamic management of its properties in order to sustain the long-term value of its units; and (iii) to generate cash distributions that are fiscally beneficial to unitholders.

BTB offers a distribution reinvestment plan to unitholders whereby the participants may elect to have their monthly cash distribution reinvested in additional units of BTB at a price based on the weighted average price for BTB's Units on the Toronto Stock Exchange for the five trading days immediately preceding the distribution date, discounted by 3%.

 

SOURCE BTB Real Estate Investment Trust

© Canada Newswire, source Canada Newswire English

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BTB REAL ESTATE INVESTMENT
09/14BTB REAL ESTATE INVESTMENT TRUST : announces its distribution for the month of S..
AQ
08/30BTB REAL ESTATE INVESTMENT TRUST : Ex-dividend day for
FA
08/21BTB REAL ESTATE INVESTMENT TRUST : and its ees!
AQ
08/16BTB REAL ESTATE INVESTMENT TRUST : announces the sale of a property in Longueuil
AQ
08/15BTB REAL ESTATE INVESTMENT TRUST : announces its distribution for the month of A..
AQ
08/08BTB REAL ESTATE INVESTMENT TRUST : to Host Earnings Call
AC
08/07BTB REAL ESTATE INVESTMENT TRUST : - Repositioning continues and pays off
AQ
08/01BTB REAL ESTATE INVESTMENT TRUST : announces the acquisition of a retail power c..
AQ
07/30BTB REAL ESTATE INVESTMENT TRUST : Ex-dividend day for
FA
07/27Today's Free Reports BTB REIT, Dream Industrial REIT, Automotive Properties R..
AC
More news
News from SeekingAlpha
09/0152 Monthly Paid Canadian 'Safer' Dividend Equities Of 132 Revealed For Septem.. 
08/3022 'Safer' Monthly Dividend U.S. Equities Cover September Payouts With Cash 
08/12Get 48 'Safer' Dividends Paid Monthly From 131 Canadian August Equities 
08/0926 'Safer' Monthly Paid Dividend Equities Cover Their U.S. August Payouts Wit.. 
07/03You Get 42 'Safer' Dividends From 117 Monthly Paid Canadian Equities In July 
Financials (CAD)
Sales 2018 87,5 M
EBIT 2018 -
Net income 2018 -
Debt 2018 -
Yield 2018 8,97%
P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 2,95x
Capi. / Sales 2019 2,47x
Capitalization 258 M
Chart BTB REAL ESTATE INVESTMENT TRUST
Duration : Period :
BTB Real Estate Investment Trust Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BTB REAL ESTATE INVESTMENT
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 4,72  CAD
Spread / Average Target 0,78%
Managers
NameTitle
Michel Léonard President, Chief Executive Officer & Trustee
Jocelyn Proteau Chairman
Benoit Cyr Chief Financial Officer & Vice President
Luc Lachapelle Secretary & Independent Trustee
Peter Polatos Independent Trustee
Sector and Competitors
1st jan.Capitalization (M$)
BTB REAL ESTATE INVESTMENT TRUST1.96%199
EQUINIX INC-2.42%35 164
DIGITAL REALTY TRUST6.83%25 078
THE LINK REAL ESTATE INVESTMENT TRUST0.00%20 517
REALTY INCOME CORPORATION-0.65%16 431
VORNADO REALTY TRUST-5.44%14 064