skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. BTB.UN: Please comment on BTB. [BTB Real Estate Investment Trust]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Please comment on BTB.UN recent Q report. Thank you!
James.
Asked by James on November 05, 2024
5i Research Answer:

Cash flow per unit of 10.7c was inline with 10.5c estimated; revenue of $32.5M rose about 3%. EBITDA of  $18M beat estimates by 5%. One tenant went bankrupt, which lowered occupancy to 92.5%. Debt ratio is 58.3%. The average lease rate increased 2.4%. Payout ratio at 85.3% is 'OK'. The company has managed sector challenges and inflation reasonably well. Its small size adds risk, but it is also priced well at 8.4X cash flow. We would consider the quarter decent.