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BTB REIT Un (TSE:BTB.UN)
TSX:BTB.UN
Holding TSE:BTB.UN?
Track your performance easily
Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -4.30%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong leasing activity and financial performance despite challenges such as tenant bankruptcies and a slight decrease in occupancy rate. The successful repayment of convertible debentures and strategic increase in the industrial segment were positive aspects.Company Guidance
During the BTB Real Estate Investment Trust Q3 2024 earnings call, Michel Léonard highlighted key metrics and guidance for the company. The portfolio's industrial assets increased from nearly 20% in 2021 to 36.6% in 2024, while suburban office holdings decreased from almost 54% to 42%. Necessity-based retail holdings dropped from 27% to around 22%. The fair value of investment properties stood at $1.2 billion, with 6.1 million square feet in total. The company achieved an occupancy rate of 92.3%, despite a vacancy caused by the bankruptcy of Nuera Air, impacting 132,000 square feet. New leases totaled nearly 65,000 square feet, and lease renewals covered 255,000 square feet for the quarter, contributing to a year-to-date leasing activity of 719,000 square feet. Financially, the net operating income rose by 3.8%, and the FFO adjusted per unit increased to $0.107, attributed to higher NOI despite tenant bankruptcies. The company's debt ratio was 58.3%, with a weighted average mortgage interest rate of 4.33%, and they successfully repaid a convertible debenture in October.Increase in Industrial Portfolio
The industrial segment of the portfolio grew from almost 20% in 2021 to 36.6% in 2024.
Strong Leasing Activity
Total leasing activity year-to-date amounted to 719,000 square feet, including 255,000 square feet of lease renewals in Q3.
Financial Metrics Improvement
Rental revenue increased by 3.9% and net operating income increased by 3.8% compared to the same quarter last year.
Successful Convertible Debenture Repayment
BTB successfully repaid the entire principal amount of convertible debentures on October 31, optimizing mortgage debt and reducing interest costs.
High Occupancy in Ottawa Portfolio
Ottawa portfolio reached a 99.4% occupancy rate, a historical high for the sector.
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TSE:BTB.UN Earnings History
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
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TSE:BTB.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | C$3.49 | C$3.60 | +3.15% |
| May 06, 2024 | C$3.03 | C$3.00 | -0.99% |
| Feb 26, 2024 | C$2.77 | C$2.75 | -0.72% |
| Nov 06, 2023 | C$2.70 | C$2.63 | -2.59% |
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.
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FAQ
When does BTB REIT Un (TSE:BTB.UN) report earnings?
BTB REIT Un (TSE:BTB.UN) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is BTB REIT Un (TSE:BTB.UN) earnings time?
BTB REIT Un (TSE:BTB.UN) earnings time is at Mar 18, 2025, TBA Not 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?
Currently, no data Available
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