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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At a glance
Figures in CAD, from our data supplier.
Revenue
C$130.0m
FY2015FY2024
Net income
C$38.7m
FY2015FY2024
Free cash flow
C$66.0m
FY2015FY2024
Shareholders' equity
C$494.3m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$130.0m | C$127.8m | C$119.5m | C$100.3m | C$93.0m | C$93.6m | C$87.4m | C$76.0m | C$73.6m | C$72.9m |
| Operating income | C$75.1m | C$75.4m | C$70.4m | C$56.3m | C$51.3m | C$50.9m | C$47.6m | C$40.4m | C$41.5m | C$41.3m |
| Net income | C$38.7m | C$36.6m | C$38.2m | C$41.6m | C$2.9m | C$51.9m | C$41.3m | C$28.2m | C$22.1m | C$8.7m |
| Diluted earnings per share | 0.44 | 0.42 | 0.46 | 0.58 | 0.05 | 0.88 | 0.79 | 0.65 | 0.57 | 0.25 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$1.26bn | C$1.23bn | C$1.18bn | C$1.13bn | C$926.7m | C$939.1m | C$855.2m | C$762.4m | C$658.5m | C$633.1m |
| Cash and short-term investments | C$2.5m | C$912,000 | C$2.4m | C$7.2m | C$9.1m | C$1.8m | C$8.8m | C$1.9m | C$6.7m | C$4.1m |
| Total liabilities | C$761.7m | C$750.0m | C$717.3m | C$725.5m | C$584.6m | C$583.0m | C$556.8m | C$513.4m | C$445.5m | C$458.7m |
| Debt | C$735.2m | C$724.2m | C$692.2m | C$687.7m | C$552.5m | C$559.2m | C$534.9m | C$494.7m | C$432.0m | C$445.3m |
| Shareholders' equity | C$494.3m | C$477.7m | C$462.1m | C$404.4m | C$342.1m | C$356.1m | C$298.4m | C$248.9m | C$213.0m | C$174.4m |
| Shares outstanding | 88m | 86m | 83m | 72m | 63m | 59m | 52m | 44m | 39m | 34m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$66.0m | C$70.9m | C$66.2m | C$56.5m | C$46.1m | C$47.2m | C$44.7m | C$38.5m | C$39.9m | C$38.2m |
| Capital spending | — | −C$50,000 | — | −C$199,000 | −C$170,000 | −C$40,000 | −C$210,000 | −C$80,000 | −C$60,000 | −C$150,000 |
| Free cash flow | C$66.0m | C$70.8m | C$66.2m | C$56.3m | C$46.0m | C$47.2m | C$44.5m | C$38.4m | C$39.8m | C$38.1m |
| Dividends paid | −C$22.6m | −C$22.3m | −C$21.6m | −C$18.2m | −C$19.0m | −C$21.6m | −C$19.1m | −C$16.0m | −C$14.2m | −C$12.7m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$32.9m | C$30.5m | C$34.4m | C$32.7m | C$32.5m | C$32.2m | C$32.6m | C$31.9m |
| Operating income | C$19.9m | C$17.1m | C$19.8m | C$19.0m | C$19.0m | C$19.0m | C$18.4m | C$19.3m |
| Net income | C$9.5m | C$6.2m | C$7.6m | C$19.0m | C$5.5m | C$7.3m | C$7.2m | C$1.7m |
| Diluted earnings per share | 0.11 | 0.07 | 0.09 | 0.21 | 0.06 | 0.08 | 0.08 | 0.02 |
| Total assets | C$1.26bn | C$1.26bn | C$1.26bn | C$1.26bn | C$1.24bn | C$1.24bn | C$1.23bn | C$1.23bn |
| Cash and short-term investments | C$5.5m | C$5.7m | C$5.5m | C$2.5m | C$3.3m | C$857,000 | C$1.8m | C$912,000 |
| Debt | C$724.3m | C$731.1m | C$737.0m | C$735.0m | C$732.0m | C$725.0m | C$723.0m | C$724.2m |
| Shareholders' equity | C$498.5m | C$495.6m | C$495.9m | C$494.0m | C$481.0m | C$481.0m | C$479.7m | C$477.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.0% | 6.8% | 6.8% |
| Operating income | 10.0% | 8.1% | 7.0% |
| Net income | -2.3% | -5.7% | 11.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 58.3% | 58.0% | 57.1% | 56.5% |
| Net margin | 29.2% | 32.5% | 31.6% | 31.0% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.6 | 6.9 | 8.0 | 7.0 | 75.9 | 5.9 | 5.5 | 7.1 | 7.8 | 17.5 |
| Price to sales | 2.3 | 2.0 | 2.5 | 2.9 | 2.4 | 3.3 | 2.6 | 2.6 | 2.3 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 29 Sept 2026.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.30 | 0.345 | 0.30 | 0.30 | 0.30 | 0.34 | 0.42 | 0.42 |
- 5-to-1 reverse split · 7 Jun 2012
- 5-to-1 reverse split · 3 Oct 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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