BTB Real Estate Investment Trust T.BTB.UN

Primary Symbol: T.BTB.DB.H Alternate Symbol(s): 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.

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Post by divime1on Oct 14, 2021 11:56am

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The aggregate purchase price for the Properties is $74 million dollars and this accretive acquisition should be concluded by the end of October 2021 and will be funded from proceeds received from the last equity raise and available funds. Therefore, BTB does not have to raise additional equity to complete this acquisition.

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