BTB Real Estate Investment Trust

TSX:BTB.UN Stock Report

Market Cap: CA$337.9m

BTB Real Estate Investment Trust Past Earnings Performance

Past criteria checks 1/6

BTB Real Estate Investment Trust's earnings have been declining at an average annual rate of -0.3%, while the REITs industry saw earnings declining at 0.3% annually. Revenues have been growing at an average rate of 6.5% per year. BTB Real Estate Investment Trust's return on equity is 4.7%, and it has net margins of 18.1%.

Key information

-0.34%

Earnings growth rate

-5.04%

EPS growth rate

REITs Industry Growth9.89%
Revenue growth rate6.54%
Return on equity4.69%
Net Margin18.11%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Analysis Article • Jun 13

Shareholders May Not Be So Generous With BTB Real Estate Investment Trust's (TSE:BTB.UN) CEO Compensation And Here's Why

Key Insights BTB Real Estate Investment Trust's Annual General Meeting to take place on 20th of June Salary of...

Revenue & Expenses Breakdown

How BTB Real Estate Investment Trust makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:BTB.UN Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2612823100
31 Dec 2513022100
30 Sep 2513042100
30 Jun 251303890
31 Mar 251323990
31 Dec 241303990
30 Sep 241292290
30 Jun 241283190
31 Mar 241283580
31 Dec 231283770
30 Sep 231273780
30 Jun 231263380
31 Mar 231234180
31 Dec 221193870
30 Sep 221156070
30 Jun 221095770
31 Mar 221064670
31 Dec 211004270
30 Sep 21962270
30 Jun 21961970
31 Mar 21931170
31 Dec 2093370
30 Sep 20964160
30 Jun 20964060
31 Mar 20964550
31 Dec 19945260
30 Sep 19903560
30 Jun 19893550
31 Mar 19883650
31 Dec 18874150
30 Sep 18863250
30 Jun 18813150
31 Mar 18783140
31 Dec 17762840
30 Sep 17742240
30 Jun 17742350
31 Mar 17742340
31 Dec 16732240
30 Sep 16741140
30 Jun 1674940
31 Mar 1673940
31 Dec 1573940
30 Sep 1572940
30 Jun 15701140

Quality Earnings: BTB.UN has high quality earnings.

Growing Profit Margin: BTB.UN's current net profit margins (18.1%) are lower than last year (29.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BTB.UN's earnings have declined by 0.3% per year over the past 5 years.

Accelerating Growth: BTB.UN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BTB.UN had negative earnings growth (-41%) over the past year, making it difficult to compare to the REITs industry average (-32.3%).

Return on Equity

High ROE: BTB.UN's Return on Equity (4.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/16 14:08
End of Day Share Price 2026/06/16 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BTB Real Estate Investment Trust is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark RothschildCanaccord Genuity
Brendon AbramsCanaccord Genuity
Sumayya Syed HussainCIBC Capital Markets