BTB Real Estate Investment Trust

BTB.UN-T

Analysis and Opinions about BTB.UN-T

Signal
Opinion
Expert
BUY
BUY
February 23, 2012
Just did some equity financing. He thinks it is a consistent player. It trades at a slight discount to NAV. Good enough portfolio to get you an 8% yield.
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Just did some equity financing. He thinks it is a consistent player. It trades at a slight discount to NAV. Good enough portfolio to get you an 8% yield.
TOP PICK
TOP PICK
January 18, 2012
(A Top Pick Jan 18/11. Up 12.98%.) Diversified into office and retail. Focused in Québec. Healthy 8.5% yield. Now have liquidity so will be saving a lot of interest expense. The rate at 11X AFFO, which is not unreasonable. Could be a takeout target.
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(A Top Pick Jan 18/11. Up 12.98%.) Diversified into office and retail. Focused in Québec. Healthy 8.5% yield. Now have liquidity so will be saving a lot of interest expense. The rate at 11X AFFO, which is not unreasonable. Could be a takeout target.
COMMENT
COMMENT
January 6, 2012
This one comes under the category of caveat emptor. Interesting group and have a fairly high yield. Into all sorts of things in the province of Québec, usually in secondary markets. As far as he is concerned they are survivors. If things get tough, they have more trouble financing. A bit more yield and if you are happy with Québec, it's fine.
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This one comes under the category of caveat emptor. Interesting group and have a fairly high yield. Into all sorts of things in the province of Québec, usually in secondary markets. As far as he is concerned they are survivors. If things get tough, they have more trouble financing. A bit more yield and if you are happy with Québec, it's fine.
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.
Showing 46 to 60 of 79 entries