Property Search
 

BTB Announces its Distribution for the Month of December 2020

BTB Announces its Distribution for the Month of December 2020

Montréal (Québec) December 10th, 2020: BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “REIT”) announced today that the monthly cash distribution for the month of December 2020 is $0.025 per unit, representing $0.30 per unit on an annualized basis. The cash distribution will be paid January 15th, 2021 to unitholders of record on December 31st, 2020.

ABOUT BTB

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. As at December 10th, 2020 BTB owns 64 retail, office, and industrial properties for a total leasable area of approximately 5.3 million square feet and an approximate total asset value as of September 30th, 2020 of approximately of $946M.

BTB’S OBJECTIVES

  1. Generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders;
  2. Grow the Trust’s assets through internal growth and accretive acquisitions in order to increase distributable income and therefore refund distributions;
  3. Optimize the value of its assets through the dynamic management of its properties in order to maximize the long-term value of its properties and therefore, its units.

BTB offers a distribution reinvestment plan to unitholders whereby the participants may elect to have their monthly cash distribution reinvested in additional units of BTB at a price based on the weighted average price for BTB’s Units on the Toronto Stock Exchange for the five trading days immediately preceding the distribution date, discounted by 3%.

FOR FURTHER QUESTIONS:

Mr. Michel Léonard, President and Chief Executive Officer
(T) 514-286-0188 x228
(E) mleonard@btbreit.com

Mr. Mathieu Bolté, Chief Financial Officer
(T) 514-286-0188 x244
(E) mbolte@btbreit.com