BTB Real Estate Investment Trust T.BTB.UN

Share Price Recovery is stalled

[dileas48s]

I'm curious what others think here.

I bought in with an overall average of $4.15 so I'n not lining up to sell any time soon, but part of my investment thesis was the idea that over time this would slowly crawl back up to something close to Pre-Covid.  My original plan was to consider selling some or all of my position around the $5 mark.

It would seem that the market is assuming that BTB is not going to achieve sufficient occupancy or rent collection to justify a rise in share price (for now anyway).  Given how much of the space is office space that is perhaps a legitimate concern - or is it?

What do you all think?

I sure like the dividend, but it is ROC, so there are pros and cons to that (and a little over half my position is in my non-registered account).

[Martincat]

BTB is Quebec based....So there will always be a bias....Also every time the price reaches a new high...BTB issues additional shares....which is somewhat dilutive....But it has paid the distributions on a regular basis with a good yield and that cannot be bad....It has quality properties which is also something to consider....JMHO!

[dileas48s]

I appreciate the input.

[apollojetic]

The have paid a regular distribution but please keep in mind that in May 2020 they reduced it 28.6%.  We still sit at the lower distribution after a strong recovery. Let's see what's next to get the share price moving. Maybe a big Industrial aquisition. There are many other choices to put your dollars and many reits that did not reduce their distribution.  BTB mentions it'

[Martincat]

Insider activity reported on BTB.un....Oct 7/21 from INK sources....Insider share purchase for an amt of $20000...No names or total shares purchased revealed.