XTSEBTB.UN
Market cap204mUSD
Dec 24, Last price
3.38CAD
1D
0.90%
1Q
-6.37%
Jan 2017
-24.38%
IPO
-9.87%
Name
BTB Real Estate Investment Trust
Chart & Performance
Profile
The Trust is an unincorporated open-ended real estate trust formed under and governed by the laws of the province of Quebec pursuant to a trust agreement (as further amended). The Trust began its real estate operations on October 3, 2006,and as of September 30, 2022, owned 75 industrial, off-downtown core office and necessity-based retail properties located in primary markets of the provinces of Quebec, Ontario, Alberta, and Saskatchewan. Since its inception, the Trust has become an important property owner in the province of Quebec, in Eastern Ontario and since December 2021, in Western Canada. The units and Series G and H convertible debentures are traded on the Toronto Stock Exchange under the symbols "BTB.UN", "BTB.DB.G" and "BTB.DB.H", respectively.
Valuation
Title CAD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 127,826 6.97% | 119,495 19.09% | 100,343 7.93% | |||||||
Cost of revenue | 59,943 | 56,502 | 50,849 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 67,883 | 62,993 | 49,494 | |||||||
NOPBT Margin | 53.11% | 52.72% | 49.32% | |||||||
Operating Taxes | (4,919) | 24,203 | ||||||||
Tax Rate | 48.90% | |||||||||
NOPAT | 67,883 | 67,912 | 25,291 | |||||||
Net income | 36,598 -4.08% | 38,154 119.72% | 17,365 -176.85% | |||||||
Dividends | (22,292) | (21,573) | (18,171) | |||||||
Dividend yield | 8.82% | 7.08% | 6.22% | |||||||
Proceeds from repurchase of equity | (25) | 38,436 | 30,003 | |||||||
BB yield | 0.01% | -12.62% | -10.28% | |||||||
Debt | ||||||||||
Debt current | 160,284 | 86,113 | 91,185 | |||||||
Long-term debt | 571,279 | 610,243 | 600,750 | |||||||
Deferred revenue | 717,268 | 725,476 | ||||||||
Other long-term liabilities | 4,046 | (718,317) | (715,293) | |||||||
Net debt | 730,651 | 690,198 | 684,744 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 70,852 | 66,240 | 56,538 | |||||||
CAPEX | (50) | 65,708 | (199) | |||||||
Cash from investing activities | (46,382) | (65,708) | (71,730) | |||||||
Cash from financing activities | (25,962) | 19,481 | 13,321 | |||||||
FCF | 56,929 | 76,065 | 29,255 | |||||||
Balance | ||||||||||
Cash | 912 | 2,404 | 7,191 | |||||||
Long term investments | 3,754 | |||||||||
Excess cash | 183 | 2,174 | ||||||||
Stockholders' equity | 477,654 | 1,151,821 | 1,084,950 | |||||||
Invested Capital | 1,205,931 | 1,152,993 | 1,100,150 | |||||||
ROIC | 5.76% | 6.03% | 2.53% | |||||||
ROCE | 5.63% | 5.44% | 4.47% | |||||||
EV | ||||||||||
Common stock shares outstanding | 86,289 | 83,439 | 71,547 | |||||||
Price | 2.93 -19.73% | 3.65 -10.54% | 4.08 15.58% | |||||||
Market cap | 252,828 -16.98% | 304,551 4.33% | 291,913 31.66% | |||||||
EV | 983,479 | 1,684,498 | 1,657,182 | |||||||
EBITDA | 67,982 | 63,115 | 49,581 | |||||||
EV/EBITDA | 14.47 | 26.69 | 33.42 | |||||||
Interest | 34,607 | 30,427 | 24,542 | |||||||
Interest/NOPBT | 50.98% | 48.30% | 49.59% |