Exceptional NEWS and results. Thank you B&BMONTRAL, Dec. 17, 2020 BTB Real Estate Investment Trust (TSX: BTB.UN) ("
BTB" or the "
REIT") releases a yearend overview and provides a statement to investors. Our total debt ratio stood at 59.7%, solidifying our commitment to maintaining that ratio below 60%.
3 For the period ranging between May to November, our rent collection rate stands at 98%. (FREAKING AWSOME!)
DISTRIBUTION The Board of Trustees approved a resolution to adjust the annual distribution from 42.0¢ to 30.0¢ for the distribution payable as of the May 2020. (EXPECT A RETURN TO AT LEAST 30.0)
BTB is proud to have obtained
Great Place to Work ® certification!
Also, for the second consecutive year, BTB was awarded the "Summit Creative Award" for our 2019 Annual Report Design! Having won bronze last year, BTB was able to step higher on the podium this year, having been
awarded silver.
ABOUT BTB | As at December 17th, 2020 BTB owns 64 retail, office, and industrial properties for a total leasable area of approximately 5.3 million square feet and an approximate total asset value as of September 30th, 2020 of approximately of $946M. |
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BTB offers a distribution reinvestment plan discounted by 3%.