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 > Average mortgage cost is 4%

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Comment by JosephM1on Feb 26, 2024 9:57pm

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Post# 35900555

RE:RE:RE:Average mortgage cost is 4%

22% of outstanding mortages to renew in 24. Already carrying a 5.4% rate. Not much damage additional costs coming from this in 2024.
The Trust has $145.4 million of mortgages coming to maturity in the next twelve months. The Trust as of the date
of this report has commitment letters from financial institutions for the refinancing of $53.1 million and is in the
process of negotiating the remaining 2024 mortgages coming to maturity. Furthermore, the Trust has always
been able to refinance its existing mortgages and debentures. There is no indication that this would change.

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