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BTB REIT (TSE:BTB.UN)
:BTB.UN
Canadian Market
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BTB REIT (BTB.UN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Nov 03, 2025
After Close (Confirmed)
Period Ending
2025 (Q3)
Consensus EPS Forecast
Last Year’s EPS
0.06
Same Quarter Last Year
Based on 2 Analysts Ratings

Earnings Call Summary

Q2 2025
Earnings Call Date:Aug 04, 2025|
% Change Since:
|
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with stable leasing activity, positive cash NOI growth, and improved liquidity, but was overshadowed by significant noncash adjustments impacting rental revenue and occupancy rates.
Company Guidance
During the BTB Real Estate Investment Trust's Q2 2025 conference call, management provided detailed updates on key metrics and strategic activities. The portfolio remains stable at 6.1 million square feet with a fair value of $1.2 billion. The occupancy rate stood at 91.2%, which would have been 92% post-disposition of a Quebec City property. The office segment decreased from 47% in 2021 to 42%, while industrial holdings increased from 23% to 36%. Geographically, 54% of assets are in Montreal, 21% in Quebec City, and 13% in Ottawa. The quarter saw a lease renewal activity totaling 173,000 square feet, with an average rent renewal rate of 4.7%. The second quarter was impacted by a noncash straight-line adjustment due to a lease renegotiation with Lion Electric, leading to a $1.8 million reduction in rental revenue. Despite a slight decrease in rental revenue by 5.3% compared to the previous year, the AFFO payout ratio improved to 79.2%, and the debt ratio decreased, highlighting BTB's financial resilience and strategic focus on optimizing its portfolio.
Stable Leasing Activity
Total leasing activity, including new leases and renewals, totaled approximately 173,000 square feet with a 4.7% average rent renewal rate.
Positive Cash NOI Growth
Cash NOI increased by 0.5% compared to the same quarter last year, driven by operating improvements and higher rent renewal rates.
Improved Liquidity Position
Total liquidity improved to $34.2 million, an increase of $16.5 million compared to the end of 2024.
Successful Property Dispositions
Disposed a property in Saskatoon for $6.1 million and another in Quebec City for $10.5 million, achieving a gain of 13% versus book value.
Strong AFFO Payout Ratio
AFFO payout ratio improved to 79.2% for the quarter from 80.2% the previous year.

BTB REIT (TSE:BTB.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TSE:BTB.UN Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Nov 03, 2025
2025 (Q3)
- / -
0.062
Aug 04, 2025
2025 (Q2)
- / 0.07
0.083-15.66% (-0.01)
May 05, 2025
2025 (Q1)
- / 0.09
0.0824.88% (<+0.01)
Feb 24, 2025
2024 (Q4)
- / 0.21
0.02965.00% (+0.19)
Nov 04, 2024
2024 (Q3)
- / 0.06
0.175-64.57% (-0.11)
Aug 05, 2024
2024 (Q2)
- / 0.08
0.125-33.60% (-0.04)
May 06, 2024
2024 (Q1)
- / 0.08
0.102-19.61% (-0.02)
Feb 26, 2024
2023 (Q4)
- / 0.02
0.021-4.76% (>-0.01)
Nov 06, 2023
2023 (Q3)
- / 0.17
0.13727.74% (+0.04)
Aug 07, 2023
2023 (Q2)
- / 0.13
0.215-41.86% (-0.09)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

TSE:BTB.UN Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 05, 2025
C$3.25C$3.30+1.54%
Feb 24, 2025
C$3.18C$3.180.00%
Nov 04, 2024
C$3.28C$3.38+3.05%
May 06, 2024
C$2.84C$2.81-1.06%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does BTB REIT (TSE:BTB.UN) report earnings?
BTB REIT (TSE:BTB.UN) is schdueled to report earning on Nov 03, 2025, After Close (Confirmed).
    What is BTB REIT (TSE:BTB.UN) earnings time?
    BTB REIT (TSE:BTB.UN) earnings time is at Nov 03, 2025, After Close (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is TSE:BTB.UN EPS forecast?
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