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

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Post by Smokey1958on Dec 19, 2022 8:27am

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Post# 35179170

A Sound Investment?

It certainly seems to be. The following is a recent quote from a description of the stock:

BTB. UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.

Also, the property sold for $5.9 million as per the most recent NR was purchased for $3.6 million in 2007. Presuming the rent covered both the mortgage and the profit used as part of the dividend it would not be surprising to learn that the mortgage has already been "burned" representing just one more example of the strength of the management team.

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