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BTB Real Estate Investment Trust, with the symbol BTB.UN-T, has garnered attention for its significant exposure in Quebec, particularly in the office space sector. While experts recognize the challenges posed by the current market conditions, there is a sense of optimism regarding a potential business turnaround. This outlook suggests that the REIT may present a favorable opportunity for investors willing to adopt a long-term perspective. The current investment climate indicates that holding onto this asset could be beneficial, as market dynamics may shift positively in the near future. Overall, the consensus appears to lean towards a healthy outlook for BTB, despite existing pressures in the office space market.
Dividend safe? He owned BTB.UN a few years ago as they held light industrial and commercial real estate around Montreal. The issue going back 3-4 years ago was they had issues meeting financial metrics, which he feels was due to them over distributing earnings. He would prefer to hold WPT and GRT.UN.
Chart hasn’t moved. Stock is mistreated because not institutionally owned. Management is good, and are upgrading their portfolio. Debt’s in a good position. He doesn’t expect anything more than the yield. Consistent business. Retail/office in Quebec and Ontario, but he can look through this because it’s so cheap.
(A Top Pick June 1/17, Up 13%) He's held this for 7 years. It owns properties in Quebec and their properties cross retail, light industrial and commercial. Good management, but has an issue getting its story out. They're repositioning by selling poorly performing properties. It's still small cap which he seldom buys, but performs consistently with little volatility. A long-time hold.
He likes this company although it has retraced in price somewhat. If you are not worried about Quebec separating, the 9.5% yield is great. It has about 75 properties. As a more senior REIT, they are able to acquire debt at much lower rates. The dividend is not at risk. He would buy it on this dip. Yield 9.5%.
A small, mid-cap REIT that he has owned for quite a long time. It has given him an 8%-9% distribution. This has not moved for 3-4 years. They basically buy assets in Eastern Ontario and Québec. Have had vacancy issues and are repositioning their portfolio by selling down a lot of retail properties and focusing on industrials. Dividend yield of 9.1%. (Analysts’ price target is $4.65.)
An investment in this is an investment in Québec, so you have to be favourable to the Québec marketplace, which he is. One of the struggles he has with this is that when you are a small REIT, you can have high debts or a high yield ratio. In this case, it has both. However, they know the real estate market very well. If you think the Québec economy is going to continue to improve, this is a good way to do it. Dividend yield of 8.6%.
BTB Real Estate Investment Trust is a Canadian stock, trading under the symbol BTB.UN-T on the Toronto Stock Exchange (BTB.UN-CT). It is usually referred to as TSX:BTB.UN or BTB.UN-T
In the last year, 1 stock analyst published opinions about BTB.UN-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BTB Real Estate Investment Trust.
BTB Real Estate Investment Trust was recommended as a Top Pick by on . Read the latest stock experts ratings for BTB Real Estate Investment Trust.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered BTB Real Estate Investment Trust In the last year. It is a trending stock that is worth watching.
On 2025-04-25, BTB Real Estate Investment Trust (BTB.UN-T) stock closed at a price of $3.4.
Most exposure is in Quebec. Lots of office space exposure. But could see a business turnaround. Would recommend buying and holding.