BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BTB-UN - CA11777P3007 - REIT
4.16 CAD
+0.01 (+0.24%)
BTB-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 37 industry peers in the Diversified REITs industry. BTB-UN has an excellent profitability rating, but there are concerns on its financial health. BTB-UN scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
- In the past year BTB-UN was profitable.
- BTB-UN had a positive operating cash flow in the past year.
- Each year in the past 5 years BTB-UN has been profitable.
- Each year in the past 5 years BTB-UN had a positive operating cash flow.
1.2 Ratios
- BTB-UN has a Return On Assets of 3.37%. This is amongst the best in the industry. BTB-UN outperforms 94.59% of its industry peers.
- With an excellent Return On Equity value of 8.49%, BTB-UN belongs to the best of the industry, outperforming 91.89% of the companies in the same industry.
- BTB-UN has a Return On Invested Capital of 4.43%. This is in the better half of the industry: BTB-UN outperforms 72.97% of its industry peers.
- BTB-UN had an Average Return On Invested Capital over the past 3 years of 4.42%. This is in line with the industry average of 5.57%.
- 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 75.68% of its industry peers.
- BTB-UN's Profit Margin has declined in the last couple of years.
- Looking at the Operating Margin, with a value of 58.11%, BTB-UN is in the better half of the industry, outperforming 67.57% of the companies in the same industry.
- In the last couple of years the Operating Margin of BTB-UN has remained more or less at the same level.
- The Gross Margin of BTB-UN (80.30%) is better than 91.89% of its industry peers.
- In the last couple of years the Gross Margin of BTB-UN has remained more or less at the same level.
| 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
- Compared to 1 year ago, BTB-UN has an improved debt to assets ratio.
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.
- With a Altman-Z score value of 0.25, BTB-UN is not doing good in the industry: 67.57% of the companies in the same industry are doing better.
- 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.
- Looking at the Debt to FCF ratio, with a value of 10.59, BTB-UN belongs to the top of the industry, outperforming 81.08% 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.
- Looking at the Debt to Equity ratio, with a value of 1.45, BTB-UN is doing worse than 62.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.45 | ||
| Debt/FCF | 10.59 | ||
| Altman-Z | 0.25 |
ROIC/WACC0.79
WACC5.59%
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.
- BTB-UN's Current ratio of 0.35 is fine compared to the rest of the industry. BTB-UN outperforms 67.57% of its industry peers.
- A Quick Ratio of 0.35 indicates that BTB-UN may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.35, BTB-UN is in the better half of the industry, outperforming 72.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.35 | ||
| Quick Ratio | 0.35 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 95.16% over the past year.
- Measured over the past years, BTB-UN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -12.94% on average per year.
- 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
- Based on estimates for the next years, BTB-UN will show a small growth in Earnings Per Share. The EPS will grow by 5.90% on average per year.
- 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 3Y5.9%
EPS Next 5YN/A
Revenue Next Year3.51%
Revenue Next 2Y1.95%
Revenue Next 3Y2.78%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 8.85, the valuation of BTB-UN can be described as very reasonable.
- BTB-UN's Price/Earnings ratio is rather cheap when compared to the industry. BTB-UN is cheaper than 100.00% of the companies in the same industry.
- BTB-UN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.33.
- With a Price/Forward Earnings ratio of 11.44, the valuation of BTB-UN can be described as very reasonable.
- 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 81.08% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.12. BTB-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.85 | ||
| Fwd PE | 11.44 |
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 89.19% of the companies listed in the same industry.
- 89.19% of the companies in the same industry are more expensive than BTB-UN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.37 | ||
| EV/EBITDA | 13.85 |
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.
- BTB-UN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.94
PEG (5Y)N/A
EPS Next 2Y6.07%
EPS Next 3Y5.9%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 9.04%, BTB-UN is a good candidate for dividend investing.
- BTB-UN's Dividend Yield is a higher than the industry average which is at 7.04.
- Compared to an average S&P500 Dividend Yield of 1.91, BTB-UN pays a better dividend.
| 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
- 59.75% of the earnings are spent on dividend by BTB-UN. This is a bit on the high side, but may be sustainable.
DP59.75%
EPS Next 2Y6.07%
EPS Next 3Y5.9%
TSX:BTB-UN (1/14/2026, 7:00:00 PM)
4.16
+0.01 (+0.24%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-03 2025-11-03
Earnings (Next)01-26 2026-01-26
Inst Owners0.68%
Inst Owner ChangeN/A
Ins Owners1.92%
Ins Owner ChangeN/A
Market Cap367.04M
Revenue(TTM)130.47M
Net Income(TTM)42.30M
Analysts72.5
Price Target4.07 (-2.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.04% |
Yearly Dividend0.26
Dividend Growth(5Y)-6.72%
DP59.75%
Div Incr Years1
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)7.77%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)2.94%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.85 | ||
| Fwd PE | 11.44 | ||
| P/S | 2.81 | ||
| P/FCF | 5.37 | ||
| P/OCF | 5.36 | ||
| P/B | 0.74 | ||
| P/tB | 0.74 | ||
| EV/EBITDA | 13.85 |
EPS(TTM)0.47
EY11.3%
EPS(NY)0.36
Fwd EY8.74%
FCF(TTM)0.78
FCFY18.63%
OCF(TTM)0.78
OCFY18.67%
SpS1.48
BVpS5.65
TBVpS5.65
PEG (NY)0.94
PEG (5Y)N/A
Graham Number7.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.37% | ||
| ROE | 8.49% | ||
| ROCE | 6.33% | ||
| ROIC | 4.43% | ||
| ROICexc | 4.45% | ||
| ROICexgc | 4.45% | ||
| OM | 58.11% | ||
| PM (TTM) | 32.42% | ||
| GM | 80.3% | ||
| FCFM | 52.41% |
ROA(3y)3.1%
ROA(5y)2.66%
ROE(3y)7.92%
ROE(5y)6.98%
ROIC(3y)4.42%
ROIC(5y)4.2%
ROICexc(3y)4.43%
ROICexc(5y)4.22%
ROICexgc(3y)4.43%
ROICexgc(5y)4.22%
ROCE(3y)6.3%
ROCE(5y)5.98%
ROICexgc growth 3Y5.92%
ROICexgc growth 5Y1.88%
ROICexc growth 3Y5.92%
ROICexc growth 5Y1.88%
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%
F-Score6
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.45 | ||
| Debt/FCF | 10.59 | ||
| Debt/EBITDA | 9.54 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.23 | ||
| Cash Conversion | 90.28% | ||
| Profit Quality | 161.66% | ||
| Current Ratio | 0.35 | ||
| Quick Ratio | 0.35 | ||
| Altman-Z | 0.25 |
F-Score6
WACC5.59%
ROIC/WACC0.79
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)179.15%
Profit Quality(5y)449.53%
High Growth Momentum
Growth
EPS 1Y (TTM)95.16%
EPS 3Y-8.84%
EPS 5Y-12.94%
EPS Q2Q%78%
EPS Next Y9.38%
EPS Next 2Y6.07%
EPS Next 3Y5.9%
EPS Next 5YN/A
Revenue 1Y (TTM)0.92%
Revenue growth 3Y9.02%
Revenue growth 5Y6.8%
Sales Q2Q%1.14%
Revenue Next Year3.51%
Revenue Next 2Y1.95%
Revenue Next 3Y2.78%
Revenue Next 5YN/A
EBIT growth 1Y0.27%
EBIT growth 3Y10.03%
EBIT growth 5Y8.08%
EBIT Next Year-10.13%
EBIT Next 3Y-2.44%
EBIT Next 5YN/A
FCF growth 1Y0.1%
FCF growth 3Y5.42%
FCF growth 5Y6.95%
OCF growth 1Y0.41%
OCF growth 3Y5.3%
OCF growth 5Y6.93%
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 8.85 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.