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BTB REIT Un (TSE:BTB.UN)
TSX:BTB.UN
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.12Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 2.72%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
The call presented a mix of positive achievements such as strong leasing activity, project completion, and capital structure improvements. However, these were balanced by challenges including tenant bankruptcies affecting NOI, a delayed financial filing, and the suspension of the dividend distribution program. The sentiment is balanced with both strong performance in some areas and significant challenges in others.Company Guidance
During the BTB Real Estate Investment Trust's 2024 Fourth Quarter and Annual Results Conference Call, key metrics revealed that the company owns 6.1 million square feet across 75 properties, with a total asset value of $1.3 billion. The occupancy rate stood at 92.7%, while the total leasing activity for 2024 was nearly 1 million square feet. The fair value of investment properties was reported at $1.2 billion. The company issued a new Series I debenture with a 7.25% interest rate, raising over $40 million, and suspended its dividend distribution program to strengthen its capital structure. Additionally, BTB reported a same-property NOI increase of 2.6% for the year, despite challenges from tenant bankruptcies. Looking ahead, BTB anticipates maintaining or slightly improving occupancy rates and achieving a same-property NOI growth between 2% and 4% in 2025.Strong Leasing Activity
Total leasing activity for the year was 959,000 square feet, with a committed occupancy rate of 92.7%, up 0.4% from the previous quarter. Notable leases include a long-term tenancy with Belden and Canadian Tire.
Successful Project Completion
Delivery of a new 45,000 square feet store for Winners HomeSense in Lévis, Quebec, was completed on time and on budget.
Positive Same-Property NOI Growth
Same-property NOI increased by 2.6% for the full year 2024 due to a higher rent renewal rate of 8.3% across all segments.
Capital Structure Strengthening
Issued a new Series I debenture with a 7.25% interest rate, raising over $40 million to strengthen the capital structure and repay Series H debentures.
Record High Lease Renewal Spread
Achieved an 18.7% lease renewal spread for the quarter, with a notable 51% increase in the necessity-based retail segment.
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TSE:BTB.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:BTB.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | C$3.31 | C$3.31 | 0.00% |
| Nov 04, 2024 | C$3.41 | C$3.52 | +3.23% |
| May 06, 2024 | C$2.96 | C$2.93 | -1.01% |
| Feb 26, 2024 | C$2.71 | C$2.69 | -0.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BTB REIT Un (TSE:BTB.UN) report earnings?
BTB REIT Un (TSE:BTB.UN) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is BTB REIT Un (TSE:BTB.UN) earnings time?
BTB REIT Un (TSE:BTB.UN) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BTB.UN EPS forecast?
Currently, no data Available
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