BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:BTB-UN • CA11777P3007
4.17 CAD
-0.09 (-2.11%)
Last: Jan 30, 2026, 07:00 PM
Taking everything into account, BTB-UN scores 5 out of 10 in our fundamental rating. BTB-UN was compared to 38 industry peers in the Diversified REITs industry. While BTB-UN has a great profitability rating, there are quite some concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on BTB-UN.
1. Profitability
1.1 Basic Checks
- BTB-UN had positive earnings in the past year.
- BTB-UN had a positive operating cash flow in the past year.
- BTB-UN had positive earnings in each of the past 5 years.
- In the past 5 years BTB-UN always reported a positive cash flow from operatings.
1.2 Ratios
- With an excellent Return On Assets value of 3.37%, BTB-UN belongs to the best of the industry, outperforming 94.74% of the companies in the same industry.
- BTB-UN has a Return On Equity of 8.49%. This is amongst the best in the industry. BTB-UN outperforms 92.11% of its industry peers.
- BTB-UN's Return On Invested Capital of 4.43% is fine compared to the rest of the industry. BTB-UN outperforms 73.68% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for BTB-UN is in line with the industry average of 5.49%.
- The 3 year average ROIC (4.42%) for BTB-UN is below the current ROIC(4.43%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.37% | ||
| ROE | 8.49% | ||
| ROIC | 4.43% |
ROA(3y)3.1%
ROA(5y)2.66%
ROE(3y)7.92%
ROE(5y)6.98%
ROIC(3y)4.42%
ROIC(5y)4.2%
1.3 Margins
- The Profit Margin of BTB-UN (32.42%) is better than 76.32% of its industry peers.
- In the last couple of years the Profit Margin of BTB-UN has declined.
- BTB-UN has a better Operating Margin (58.11%) than 68.42% of its industry peers.
- BTB-UN's Operating Margin has been stable in the last couple of years.
- BTB-UN has a better Gross Margin (80.30%) than 92.11% of its industry peers.
- BTB-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 58.11% | ||
| PM (TTM) | 32.42% | ||
| GM | 80.3% |
OM growth 3Y0.93%
OM growth 5Y1.2%
PM growth 3Y-10.4%
PM growth 5Y-11.68%
GM growth 3Y0.72%
GM growth 5Y0.59%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BTB-UN is destroying value.
- Compared to 1 year ago, BTB-UN has more shares outstanding
- The number of shares outstanding for BTB-UN has been increased compared to 5 years ago.
- The debt/assets ratio for BTB-UN has been reduced compared to a year ago.
2.2 Solvency
- BTB-UN has an Altman-Z score of 0.25. This is a bad value and indicates that BTB-UN is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.25, BTB-UN is doing worse than 63.16% of the companies in the same industry.
- BTB-UN has a debt to FCF ratio of 10.59. This is a negative value and a sign of low solvency as BTB-UN would need 10.59 years to pay back of all of its debts.
- With an excellent Debt to FCF ratio value of 10.59, BTB-UN belongs to the best of the industry, outperforming 81.58% of the companies in the same industry.
- A Debt/Equity ratio of 1.45 is on the high side and indicates that BTB-UN has dependencies on debt financing.
- The Debt to Equity ratio of BTB-UN (1.45) is worse than 60.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.45 | ||
| Debt/FCF | 10.59 | ||
| Altman-Z | 0.25 |
ROIC/WACC0.78
WACC5.66%
2.3 Liquidity
- BTB-UN has a Current Ratio of 0.35. This is a bad value and indicates that BTB-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Current ratio of BTB-UN (0.35) is better than 65.79% of its industry peers.
- A Quick Ratio of 0.35 indicates that BTB-UN may have some problems paying its short term obligations.
- BTB-UN's Quick ratio of 0.35 is fine compared to the rest of the industry. BTB-UN outperforms 71.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.35 | ||
| Quick Ratio | 0.35 |
3. Growth
3.1 Past
- BTB-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 95.16%, which is quite impressive.
- BTB-UN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -12.94% yearly.
- BTB-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 0.92%.
- BTB-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.80% yearly.
EPS 1Y (TTM)95.16%
EPS 3Y-8.84%
EPS 5Y-12.94%
EPS Q2Q%78%
Revenue 1Y (TTM)0.92%
Revenue growth 3Y9.02%
Revenue growth 5Y6.8%
Sales Q2Q%1.14%
3.2 Future
- The Earnings Per Share is expected to grow by 4.96% on average over the next years.
- Based on estimates for the next years, BTB-UN will show a small growth in Revenue. The Revenue will grow by 2.78% on average per year.
EPS Next Y9.38%
EPS Next 2Y6.07%
EPS Next 3Y4.96%
EPS Next 5YN/A
Revenue Next Year3.51%
Revenue Next 2Y1.95%
Revenue Next 3Y2.78%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- BTB-UN is valuated reasonably with a Price/Earnings ratio of 8.87.
- Compared to the rest of the industry, the Price/Earnings ratio of BTB-UN indicates a rather cheap valuation: BTB-UN is cheaper than 100.00% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.32, BTB-UN is valued rather cheaply.
- The Price/Forward Earnings ratio is 11.47, which indicates a very decent valuation of BTB-UN.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of BTB-UN indicates a rather cheap valuation: BTB-UN is cheaper than 81.58% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, BTB-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.87 | ||
| Fwd PE | 11.47 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BTB-UN indicates a rather cheap valuation: BTB-UN is cheaper than 84.21% of the companies listed in the same industry.
- BTB-UN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BTB-UN is cheaper than 89.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.38 | ||
| EV/EBITDA | 13.87 |
4.3 Compensation for Growth
- BTB-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The decent profitability rating of BTB-UN may justify a higher PE ratio.
PEG (NY)0.95
PEG (5Y)N/A
EPS Next 2Y6.07%
EPS Next 3Y4.96%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 9.04%, BTB-UN is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 7.11, BTB-UN pays a bit more dividend than its industry peers.
- BTB-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.04% |
5.2 History
- The dividend of BTB-UN decreases each year by -6.72%.
- BTB-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
- BTB-UN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-6.72%
Div Incr Years1
Div Non Decr Years3
5.3 Sustainability
- BTB-UN pays out 59.75% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP59.75%
EPS Next 2Y6.07%
EPS Next 3Y4.96%
BTB REAL ESTATE INVESTMENT T / BTB-UN.CA FAQ
What is the ChartMill fundamental rating of BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to BTB-UN.CA.
What is the valuation status of BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) stock?
ChartMill assigns a valuation rating of 8 / 10 to BTB REAL ESTATE INVESTMENT T (BTB-UN.CA). This can be considered as Undervalued.
How profitable is BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) stock?
BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) has a profitability rating of 7 / 10.
What are the PE and PB ratios of BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) stock?
The Price/Earnings (PE) ratio for BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) is 8.87 and the Price/Book (PB) ratio is 0.74.
What is the expected EPS growth for BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) stock?
The Earnings per Share (EPS) of BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) is expected to grow by 9.38% in the next year.