Bullboard - Stock Discussion Forum BTB Real Estate Investment Trust T.BTB.DB.H

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

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... see more

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BTB Real Estate Investment Trust > Average mortgage cost is 4%

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Post by garyreins on Feb 26, 2024 8:38pm

Average mortgage cost is 4%

Anyone think the debt service will eat into AFFO big next couple years and put payout in jeopardy? Gotta be mindful of that here.

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Comment by ScroogeMcDuck1 on Feb 26, 2024 8:43pm

Have we seen one of those charts that shows every year and what portion of debts comes due? The debt here is a bit opaque to me. The results have been totally flat for awhile, which is good in this environment and considering unit price. Their work on becoming more industrial focused may allow them to front run debt issues. Let me know if you have any financing insights. ...more

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Comment by ScroogeMcDuck1 on Feb 26, 2024 8:55pm

Just found the mortgage refinance chart. Page 66. Biggest chunk is 2024

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Comment by JosephM1 on Feb 26, 2024 9:57pm

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 ...more

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BTB Real Estate Investment Trust