BTB Real Estate Investment Trust

BTB.UN-T

Analysis and Opinions about BTB.UN-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
(A Top Pick Nov 1/10. Up 27.78%.)
SELL
SELL
December 5, 2011
He bailed, cutting losses. There are far better quality REITs out there with a clear path to growing.
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He bailed, cutting losses. There are far better quality REITs out there with a clear path to growing.
PAST TOP PICK
PAST TOP PICK
November 16, 2011
(A Top Pick Nov 1/10. Up 25.38%.) Small cap commercial real estate trust, focused mostly in Québec. Properties are decent and management is okay. Trades at a discount to NAV. Numbers just came out and they were decent. Probably worth about $1.20. Distribution is sustainable at 9%.
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(A Top Pick Nov 1/10. Up 25.38%.) Small cap commercial real estate trust, focused mostly in Québec. Properties are decent and management is okay. Trades at a discount to NAV. Numbers just came out and they were decent. Probably worth about $1.20. Distribution is sustainable at 9%.
DON'T BUY
DON'T BUY
November 16, 2011
Name is all right but they've had a little bit of leakage because of a lower rate in their contract with Hydro-Québec. You'll be okay but he doesn't expect strong growth.
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Name is all right but they've had a little bit of leakage because of a lower rate in their contract with Hydro-Québec. You'll be okay but he doesn't expect strong growth.
TOP PICK
TOP PICK
October 11, 2011
Trades at a cheap level to net asset value. Own properties in Quebec and Ottawa. Light industrial. Cut distribution twice in dark days. Sustainable distribution and liquidity now.
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Trades at a cheap level to net asset value. Own properties in Quebec and Ottawa. Light industrial. Cut distribution twice in dark days. Sustainable distribution and liquidity now.
WEAK BUY
WEAK BUY
September 19, 2011
Very much caveat emptor. Located in Quebec. Have bought some nice properties but they are very small. A bit too much debt and payout ratio is a bit. Has added some credible people to staff. He has a very tiny position.
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Very much caveat emptor. Located in Quebec. Have bought some nice properties but they are very small. A bit too much debt and payout ratio is a bit. Has added some credible people to staff. He has a very tiny position.
BUY
BUY
July 18, 2011
Have survived all the troubled times. Interesting diversity of properties in Quebec. Good name and good management. Good yield.
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Have survived all the troubled times. Interesting diversity of properties in Quebec. Good name and good management. Good yield.
TOP PICK
TOP PICK
May 17, 2011
BTB Reit is a small cap company that was really hurt during the 08-09 crisis. Recently, they have made some acquisitions. They are trading at below book value and have exposure to east of Ottawa,Quebec area.
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BTB Reit is a small cap company that was really hurt during the 08-09 crisis. Recently, they have made some acquisitions. They are trading at below book value and have exposure to east of Ottawa,Quebec area.
SPECULATIVE BUY
SPECULATIVE BUY
March 10, 2011
Interesting situation. Issue yesterday that was reasonably successful. In a lot of different markets in Quebec. Have been around for a while. They used to be too leveraged. They have survived and debt is under a little bit better control. Some gov’t offices and local businesses. They are higher risk and higher yield – pretty close to earning their distribution. If you want yield and you can take some risk, then ok. Looks like they are doing a good job.
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Interesting situation. Issue yesterday that was reasonably successful. In a lot of different markets in Quebec. Have been around for a while. They used to be too leveraged. They have survived and debt is under a little bit better control. Some gov’t offices and local businesses. They are higher risk and higher yield – pretty close to earning their distribution. If you want yield and you can take some risk, then ok. Looks like they are doing a good job.
COMMENT
COMMENT
February 4, 2011
Small group in Montreal. They’ve raised some money. High risk but they’ve survived.
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Small group in Montreal. They’ve raised some money. High risk but they’ve survived.
TOP PICK
TOP PICK
January 18, 2011
Quebec industrial/retail properties REIT. Got squeezed in the credit crisis and cut distributions twice but now coming out of the penalty box. Cheap.
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Quebec industrial/retail properties REIT. Got squeezed in the credit crisis and cut distributions twice but now coming out of the penalty box. Cheap.
COMMENT
COMMENT
December 10, 2010
Recently got financing but Caveat Emptor. Do interesting things including 3 buildings in Quebec City. Will probably survive.
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Recently got financing but Caveat Emptor. Do interesting things including 3 buildings in Quebec City. Will probably survive.
DON'T BUY
DON'T BUY
November 17, 2010
Quebec-focused. There are better quality names out there. You can get better returns.
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Quebec-focused. There are better quality names out there. You can get better returns.
SELL
SELL
November 5, 2010
Entrepreneurs had some real estate skills and decided to acquire some assets and have a public vehicle. Has been challenged since inception. Small cap. He is cautious of this name.
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Entrepreneurs had some real estate skills and decided to acquire some assets and have a public vehicle. Has been challenged since inception. Small cap. He is cautious of this name.
TOP PICK
TOP PICK
November 1, 2010
Properties in Quebec. Messed up in ’08 by cutting distributions twice. Were frozen out of the ’08 credit crisis. They are below 100% now. Thrown out like the baby with the bath water. It has to get funding to grow. The story has been disregarded, but now you have to take a fresh look at it. Trades at a discount. Slowly but surely it will recover.
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Properties in Quebec. Messed up in ’08 by cutting distributions twice. Were frozen out of the ’08 credit crisis. They are below 100% now. Thrown out like the baby with the bath water. It has to get funding to grow. The story has been disregarded, but now you have to take a fresh look at it. Trades at a discount. Slowly but surely it will recover.
Showing 46 to 60 of 76 entries