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

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

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.H - Post by User

BTB Real Estate Investment Trust

Bullboard Posts

Post by riverrowon Nov 02, 2010 4:02am

581 Views

Post# 17643542

Odd indeed.

I find it odd indeed that the company would raise funds before announcing the purchase of a property. The larger REITs that I follow quite often will buy a terrific real estate property or portfolio and then raise the funds to purchase through an equity offering. Also, I am surprised that BTB.UN can increase the share float by 40% or so without shareholder approval. I suspect the share price will collapse back down to the low 60's with this equity announcement, but I hope I am wrong.

Bullboard Posts

Paramount Resources signs $3.32 billion asset sale