BTB Real Estate Investment Trust (TSE:BTB.UN) Issues Quarterly Earnings Results

BTB Real Estate Investment Trust (TSE:BTB.UN) announced its quarterly earnings results on Tuesday. The real estate investment trust reported C$0.07 earnings per share (EPS) for the quarter, reports. The firm had revenue of C$31.50 million during the quarter. BTB Real Estate Investment Trust had a return on equity of 6.58% and a net margin of 24.50%.

BTB Real Estate Investment Trust Stock Up 0.3%

Shares of TSE:BTB.UN traded up C$0.01 during trading on Thursday, hitting C$3.41. 71,045 shares of the company were exchanged, compared to its average volume of 92,907. The stock has a market capitalization of C$301.64 million, a P/E ratio of 12.18 and a beta of 0.46. The company has a debt-to-equity ratio of 150.90, a current ratio of 0.16 and a quick ratio of 0.17. BTB Real Estate Investment Trust has a 12-month low of C$3.36 and a 12-month high of C$4.33. The firm’s 50 day moving average price is C$3.65 and its 200-day moving average price is C$3.84.

BTB Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.0250 per share. This represents a $0.30 annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Friday, November 27th. BTB Real Estate Investment Trust’s payout ratio is currently 107.14%.

About BTB Real Estate Investment Trust

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB invests in industrial, suburban office and necessity-based retail properties across Canada for the benefit of their investors. As of today, BTB owns and manages 72 properties, representing a total leasable area of approximately 6 million square feet. People and their stories are at the heart of our success.