BTB Real Estate Investment Trust T.BTB.DB.G

Alternate Symbol(s): T.BTB.DB.H | T.BTB.UN | BTBIF

Real Estate REIT - Diversified

BTB Real Estate Investment Trust (the Trust) is a Canada-based real estate investment trust (REIT). The Trust’s primary objective is to maximize total return to unitholders, to generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders, to grow the Trust’s assets through internal growth and accretive acquisitions, and optimize the value of its assets through dynamic management of its properties to maximize their long-term value. The Trust invests in industrial, off-downtown core office and necessity-based commercial properties across Canada for the benefit of its investors. The Trust owns and manages approximately 75 properties, representing a total leasable area of approximately 6.1 million square feet. The Trust operates through three segments, which include Industrial, Off downtown core office and Necessity-based retail. The Trust’s operations are located in the provinces of Quebec, Ontario, Alberta and Saskatchewan.

TSX:BTB.DB.G - Post by User

BTB Real Estate Investment Trust

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Post by seanatison Jun 26, 2014 8:33am

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Post# 22695955

BTB REIT increases distribution to 3.5 cents

Mr. Michel Leonard reports

BTB ANNOUNCES A 5% DISTRIBUTION INCREASE FOR SEPTEMBER 2014

BTB Real Estate Investment Trust's trustees have approved an increase to the monthly cash distributions from 3.33 cents per unit (40 cents per unit on an annualized basis) to 3.5 cents per unit (42 cents per unit on an annualized basis). The increased monthly distribution will commence on Sept. 15, 2014, to unitholders of record on Aug. 29, 2014.

"The continued growth of our portfolio, the solidity of our cash flow and the hard work of everyone at BTB created the opportunity for BTB to reward its investors by increasing its distributions. Our payout ratio, being below 80 per cent, shows the strength of BTB's results over the last quarters. We are pleased to announce this increase in distributions to our investors," said Michel Leonard, president and chief executive officer.

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