BTB

BTB is a real estate investment trust (REIT) listed on the Toronto Stock Exchange, specializing in industrial, suburban office, and necessity-based retail properties across Canada. With a portfolio of 75 properties totaling 6.1 million square feet, BTB has a total asset value of $1.2 billion and maintains an occupancy rate of 94.5%. The company generates a rental revenue of $32.6 million and provides unitholders with stable monthly cash distributions, boasting a distribution yield of 9.5% and an annual distribution per unit of 30 cents. BTB’s AFFO adjusted payout ratio stands at 83.9%, reflecting its commitment to secure returns on equity. The company operates three vertically integrated offices located in Montreal, QC (head office), Ottawa, ON, and Quebec City, QC. BTB’s leadership team brings over 30 years of experience in the commercial real estate industry, focusing on primary markets and responsible investment opportunities. The company maximizes asset value through dynamic management and repositioning of properties, with a significant portion of its portfolio having redevelopment potential. BTB is dedicated to sustainability, with 17 BOMA BEST and LEED Certified properties, including four LEED Certified buildings. The company has undertaken various projects to improve its environmental and social impact, culminating in the publication of its inaugural ESG report in early 2024. BTB’s investment philosophy emphasizes maximizing asset value while maintaining responsible and sustainable practices.