BTB Real Estate Investment Trust BTBIF

Primary Symbol: T.BTB.DB.H Alternate Symbol(s): 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 > Weird stock is BTB

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Comment by theinvestor22on Mar 12, 2022 10:27am

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Post# 34508872

RE:Weird stock is BTB

Not as weird as you might think. I'm not a follower of TNT, but here's some quick and dirty thoughts:

1. BTB is still cheaper. Approx figures...

TNT .57 AFFO / 6.88 price = 8.3% AFFO yield
BTB .385 recurring AFFO / 4.28 price = 9.0% recurring AFFO yield

2. It might be that the market is starting to forgive BTB for the dividend cut.

3. It might be that the market doesn't think TNT payout ratios in excess of 100% are sustainable.

Please feel free to enlighten me if any of my thoughts are incorrect.