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

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  BTB Real Estate Investment Trust    BTB.UN   CA11777P3007

BTB REAL ESTATE INVESTMENT TRUST (BTB.UN)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

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
07/12BTB REAL ESTATE INVESTMENT TRUST : announces the acquisition of a property in do..
AQ
07/10BTB REAL ESTATE INVESTMENT TRUST : announces its distribution for the month of J..
AQ
06/28BTB REAL ESTATE INVESTMENT TRUST : Ex-dividend day for
FA
06/19BTB REAL ESTATE INVESTMENT TRUST : announces closing of offering of units and co..
AQ
06/15BTB REAL ESTATE INVESTMENT TRUST : announces its distribution for the month of J..
AQ
06/14BTB REAL ESTATE INVESTMENT TRUST : announces 2018 election of trustees
AQ
06/06BTB REAL ESTATE INVESTMENT TRUST : announces the acquisition of a 25 % interest ..
AQ
05/31BTB REAL ESTATE INVESTMENT TRUST : Announces $25 Million Bought Deal of Trust Un..
AQ
05/30BTB REAL ESTATE INVESTMENT TRUST : Ex-dividend day for
FA
05/15BTB REAL ESTATE INVESTMENT TRUST : announces its distribution for the month of M..
AQ
More news
News from SeekingAlpha
07/03You Get 42 'Safer' Dividends From 117 Monthly Paid Canadian Equities In July 
07/02Here Are 23 'Safer' U.S. Monthly Paid Dividend Stocks Out Of 89 For July 
06/2253 'Safer' S-M-L Monthly-Paying Dividend Stocks Led By Crius Gains In June 
06/01Here Are 22 'Safer' U.S. Monthly Paid Dividend Stocks For June 
05/03Your 27 'Safer' U.S. Monthly Paid Dividend Stocks Of 94 In May 
Financials (CAD)
Sales 2018 88,7 M
EBIT 2018 -
Net income 2018 -
Debt 2018 -
Yield 2018 8,90%
P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 2,91x
Capi. / Sales 2019 2,44x
Capitalization 258 M
Chart BTB REAL ESTATE INVESTMENT
Duration : Period :
BTB Real Estate Investment Technical Analysis Chart | BTB.UN | CA11777P3007 | 4-Traders
Technical analysis trends BTB REAL ESTATE INVESTMENT
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 4,72  CAD
Spread / Average Target -0,07%
Managers
NameTitle
Michel Léonard President, Chief Executive Officer & Trustee
Jocelyn Proteau Chairman
Benoit Cyr Chief Financial Officer & Vice President
Luc Lachapelle Secretary & Independent Trustee
Peter Polatos Independent Trustee
Sector and Competitors
1st jan.Capitalization (M$)
BTB REAL ESTATE INVESTMENT TRUST3.27%196
EQUINIX INC-4.19%34 738
DIGITAL REALTY TRUST1.84%24 031
THE LINK REAL ESTATE INVESTMENT TRUST0.00%20 190
REALTY INCOME CORPORATION-2.68%15 872
VORNADO REALTY TRUST-7.66%13 875