BTB Real Estate Investment Trust BTB.UN.TO · CAD
Real Estate · Toronto Stock Exchange · 🇨🇦 Canada
3.61
-1.10%
Close of 9 Nov 2026, in CAD
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About BTB Real Estate Investment Trust
Its shares trade on Toronto Stock Exchange under the ticker BTB.UN.TO. It has been listed since 3 October 2006. In the fiscal year to 31 December 2024, it reported revenue of C$130.0m and net income of C$38.7m. At that date it held total assets of C$1.26bn and shareholders' equity of C$494.3m.
BTB Real Estate Investment Trust is an open-ended real estate investment trust, which engages in the distribution of income and fund. The company is headquartered in Montreal, Quebec. The company went IPO on 2006-10-03. The Trust owns approximately 63 commercial, office and industrial properties in primary and secondary markets. The Trust operates through four segments, which include office, commercial, industrial and general purpose properties. The Trust is a real estate owner in geographical markets in Quebec and eastern Ontario. The Trust's leasable area is approximately 5.3 million square feet. The Trust also offers property management services, such as maintenance and repairs, electrical, locks and keys, light bulbs and lens, labor, and other services, such as heating, ventilation, air conditioning (HVAC), access card and parking services. The Trust's real estate portfolio consists of direct interests in investment properties and the Trust's share of the assets, liabilities, revenues and expenses of jointly-controlled investment properties.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 3 Oct 2006
- Employees
- 78
- Website
- btbreit.com ↗
Leadership
Pay as last reported
- Mr. Jocelyn ProteauIndependent Chairman of the Board of TrusteeC$115,000
- Mr. Michel LeonardPresident, Chief Executive Officer, Trustee, since 2006C$1.5m
- Mr. Jean-Pierre JansonIndependent Vice Chairman of Board of TrusteesC$65,000
- Mr. Marcandre LefebvreChief Financial Officer, Vice PresidentC$398,252
- Mr. Bruno MeunierVice President - OperationsC$339,102
- Ms. Kassandra AntunesDirector of Marketing and Communications - Investor Relations
- Mr. Armand Des RosiersIndependent TrusteeC$70,043
- Mrs. Lucie DucharmeIndependent TrusteeC$85,000
- Mr. Sylvain FortierIndependent Non-Participating TrusteeC$39,519
- Mrs. Sylvie LachanceIndependent TrusteeC$85,000
- Mrs. Christine MarchildonIndependent TrusteeC$65,000
- Mr. Luc MartinIndependent TrusteeC$80,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 34
- Environment
- 23
- Social
- 44
- Governance
- 35
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Established Track Record: BTB Real Estate Investment Trust has a strong history of successful real estate investments, which provides confidence to investors. 2. Diversified Portfolio: The REIT owns a wide range of properties across various sectors, including retail, industrial, and office spaces, which helps in spreading risk. 3. Strong Management Team: The company is led by experienced professionals who possess deep industry knowledge and have a proven ability to identify lucrative investment opportunities. 4. Stable Cash Flow: BTB REIT benefits from long-term leases with reputable tenants, ensuring a steady stream of rental income, regardless of market conditions.
Weaknesses
- Dependence on Economic Conditions: As a real estate investment trust, BTB REIT's performance is tied to the overall health of the economy. Economic downturns can lead to reduced occupancy rates and rental income. 2. Concentration Risk: While diversification is a strength, the REIT relies heavily on the Montreal area for a significant portion of its rental income, creating vulnerability to localized market fluctuations. 3. Debt Levels: BTB REIT has a substantial amount of debt, which can limit its financial flexibility and increase vulnerability to rising interest rates. 4. Limited Development Activities: The REIT primarily focuses on acquiring and managing existing properties, which may restrict growth opportunities compared to competitors involved in development projects.
Opportunities
- Acquisition Potential: Given its strong financial position and experience in the market, BTB REIT is well-positioned to pursue attractive acquisition opportunities, especially from distressed sellers during economic downturns. 2. Expansion into New Markets: The REIT can explore expansion beyond its core Montreal market, targeting areas with high growth potential and favorable real estate market conditions. 3. Rental Market Growth: The growing demand for quality rental properties provides an opportunity for BTB REIT to expand its portfolio and increase occupancy rates, leading to higher rental income. 4. Sustainable Investing: The increasing focus on sustainability and energy efficiency in real estate presents an opportunity for BTB REIT to enhance its properties and attract environmentally-conscious tenants.
Threats
- Economic Volatility: Fluctuations in the economy, such as recessions or interest rate hikes, can negatively impact the demand for real estate and affect BTB REIT's financial performance. 2. Competition: The real estate industry is highly competitive, with a multitude of players vying for attractive properties and tenants. Increased competition can potentially impact the REIT's ability to acquire properties at favorable terms. 3. Regulatory Changes: Changes in government regulations, tax policies, or zoning laws can affect the REIT's operations, increase costs, or restrict its ability to develop or modify properties. 4. Technological Disruption: Advancements in technology and changing tenant preferences for flexible workspaces may render certain types of properties obsolete, requiring BTB REIT to adapt and invest in new technologies.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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