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BTB REIT Un (TSE:BTB.UN)
TSX:BTB.UN
Earnings Data
Report Date
Aug 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.08Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: 6.59%
|Next Earnings Date:Aug 11, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong rental revenue growth, increased net operating income, and positive leasing activity, alongside improvements in FFO and AFFO ratios and significant ESG achievements. However, challenges such as a decline in occupancy rates, debt refinancing difficulties, and softness in the industrial sector were also noted.Company Guidance
During the BTB Real Estate Investment Trust 2025 First Quarter Results Conference Call, key financial metrics were discussed, highlighting the positive performance and strategic initiatives of the company. BTB reported a total asset value of $1.3 billion, with 6.1 million square feet of real estate across 75 properties. The portfolio's occupancy rate stood at 92.5%, with a committed occupancy rate of 92.5% as well. Rental revenue increased by 5.4% to $34.4 million, and net operating income rose by 8% to $19.8 million, driven by higher rents and cancellation payments. The AFFO adjusted payout ratio improved to 72.7% from 83.9% the previous year, reflecting increased net operating income. The company issued Series I convertible debentures with a 7.25% coupon, raising $40.25 million, and used the proceeds to redeem Series H debentures and reduce credit facility debt. BTB maintained its distribution to unitholders at $0.075 per unit, resulting in an annualized distribution of $0.30 per unit. The total debt ratio was 57.7%, and liquidity improved significantly to nearly $31 million. Leasing activity included securing new long-term tenants, such as the Government of Canada, and achieving a 5.1% lease renewal spread.Strong Rental Revenue Growth
Rental revenue for Q1 2025 stood at $34.4 million, marking a 5.4% increase compared to the same quarter last year.
Net Operating Income Increase
Net operating income totaled $19.8 million, an increase of 8% compared to the same quarter last year, driven by a $1 million cancellation payment among other factors.
Positive Leasing Activity
A total of 138,000 square feet was leased, including a significant 22,000 square foot transaction with the Government of Canada and a 30,352 square foot lease with Value Village.
Improved FFO and AFFO Ratios
FFO adjusted per unit increased by 8.8% to $0.111, while the AFFO payout ratio improved to 72.7% from 83.9% last year.
ESG Achievements
60% of suburban office and retail buildings have environmental certifications, and energy consumption data for 98% of buildings was compiled.
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
TSE:BTB.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2025 | C$3.34 | C$3.39 | +1.50% |
Feb 24, 2025 | C$3.26 | C$3.26 | 0.00% |
Nov 04, 2024 | C$3.36 | C$3.47 | +3.27% |
May 06, 2024 | C$2.92 | C$2.89 | -1.03% |
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 Un (TSE:BTB.UN) report earnings?
BTB REIT Un (TSE:BTB.UN) is schdueled to report earning on Aug 11, 2025, TBA Not Confirmed.
What is BTB REIT Un (TSE:BTB.UN) earnings time?
BTB REIT Un (TSE:BTB.UN) earnings time is at Aug 11, 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