BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) Stock Fundamental Analysis
Canada - TSX:BTB-UN - CA11777P3007 - REIT
3.75 CAD
0 (0%)
Overall BTB-UN gets a fundamental rating of 5 out of 10. We evaluated BTB-UN against 37 industry peers in the Diversified REITs industry. While BTB-UN belongs to the best of the industry regarding profitability, there are concerns on its financial health. BTB-UN is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year BTB-UN was profitable.
In the past year BTB-UN had a positive cash flow from operations.
In the past 5 years BTB-UN has always been profitable.
In the past 5 years BTB-UN always reported a positive cash flow from operatings.
1.2 Ratios
BTB-UN has a better Return On Assets (3.02%) than 89.19% of its industry peers.
BTB-UN has a Return On Equity of 7.69%. This is amongst the best in the industry. BTB-UN outperforms 91.89% of its industry peers.
BTB-UN's Return On Invested Capital of 4.36% is amongst the best of the industry. BTB-UN outperforms 81.08% 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 5.56%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.02% | ||
| ROE | 7.69% | ||
| ROIC | 4.36% |
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
With an excellent Profit Margin value of 29.30%, BTB-UN belongs to the best of the industry, outperforming 81.08% of the companies in the same industry.
BTB-UN's Profit Margin has declined in the last couple of years.
BTB-UN has a better Operating Margin (57.48%) than 67.57% of its industry peers.
In the last couple of years the Operating Margin of BTB-UN has remained more or less at the same level.
With an excellent Gross Margin value of 79.85%, BTB-UN belongs to the best of the industry, outperforming 91.89% of the companies in the same industry.
BTB-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 57.48% | ||
| PM (TTM) | 29.3% | ||
| GM | 79.85% |
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.
BTB-UN has more shares outstanding than it did 1 year ago.
BTB-UN has more shares outstanding than it did 5 years ago.
BTB-UN has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.23, we must say that BTB-UN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of BTB-UN (0.23) is worse than 70.27% of its industry peers.
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.
The Debt to FCF ratio of BTB-UN (10.59) is better than 81.08% of its industry peers.
A Debt/Equity ratio of 1.48 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 1.48, BTB-UN is doing worse than 70.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.48 | ||
| Debt/FCF | 10.59 | ||
| Altman-Z | 0.23 |
ROIC/WACC0.74
WACC5.9%
2.3 Liquidity
BTB-UN has a Current Ratio of 0.36. 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 has a better Current ratio (0.36) than 67.57% of its industry peers.
A Quick Ratio of 0.36 indicates that BTB-UN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.36, BTB-UN is in the better half of the industry, outperforming 67.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.76% over the past year.
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.
The Revenue has been growing slightly by 1.59% in the past year.
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)19.76%
EPS 3Y-8.84%
EPS 5Y-12.94%
EPS Q2Q%-15.74%
Revenue 1Y (TTM)1.59%
Revenue growth 3Y9.02%
Revenue growth 5Y6.8%
Sales Q2Q%-5.29%
3.2 Future
BTB-UN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.90% yearly.
BTB-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.78% yearly.
EPS Next Y6.25%
EPS Next 2Y7.53%
EPS Next 3Y5.9%
EPS Next 5YN/A
Revenue Next Year3.95%
Revenue Next 2Y2.46%
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.
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
The Price/Earnings ratio is 8.72, which indicates a very decent valuation of BTB-UN.
Based on the Price/Earnings ratio, BTB-UN is valued cheaper than 97.30% of the companies in the same industry.
BTB-UN is valuated cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 10.03, which indicates a very decent valuation of BTB-UN.
Based on the Price/Forward Earnings ratio, BTB-UN is valued cheaper than 89.19% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BTB-UN to the average of the S&P500 Index (22.71), we can say BTB-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.72 | ||
| Fwd PE | 10.03 |
4.2 Price Multiples
89.19% of the companies in the same industry are more expensive than BTB-UN, based on the Enterprise Value to EBITDA ratio.
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 | 4.79 | ||
| EV/EBITDA | 13.7 |
4.3 Compensation for Growth
BTB-UN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of BTB-UN may justify a higher PE ratio.
PEG (NY)1.4
PEG (5Y)N/A
EPS Next 2Y7.53%
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 7.90.
Compared to an average S&P500 Dividend Yield of 2.38, 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 paid a dividend for at least 10 years, which is 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 63.00% of its income as dividend. This is not a sustainable payout ratio.
DP63%
EPS Next 2Y7.53%
EPS Next 3Y5.9%
TSX:BTB-UN (9/16/2025, 7:00:00 PM)
3.75
0 (0%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners0.81%
Inst Owner ChangeN/A
Ins Owners1.86%
Ins Owner ChangeN/A
Market Cap330.86M
Analysts72.5
Price Target3.77 (0.53%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.04% |
Yearly Dividend0.26
Dividend Growth(5Y)-6.72%
DP63%
Div Incr Years1
Div Non Decr Years3
Ex-Date
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)1.02%
PT rev (3m)2.42%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-10.53%
EPS NY rev (3m)-10.53%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.52%
Revenue NY rev (3m)-0.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.72 | ||
| Fwd PE | 10.03 | ||
| P/S | 2.54 | ||
| P/FCF | 4.79 | ||
| P/OCF | 4.79 | ||
| P/B | 0.67 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 13.7 |
EPS(TTM)0.43
EY11.47%
EPS(NY)0.37
Fwd EY9.97%
FCF(TTM)0.78
FCFY20.87%
OCF(TTM)0.78
OCFY20.87%
SpS1.47
BVpS5.62
TBVpS5.62
PEG (NY)1.4
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.02% | ||
| ROE | 7.69% | ||
| ROCE | 6.21% | ||
| ROIC | 4.36% | ||
| ROICexc | 4.38% | ||
| ROICexgc | 4.38% | ||
| OM | 57.48% | ||
| PM (TTM) | 29.3% | ||
| GM | 79.85% | ||
| FCFM | 53.08% |
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%
ROICexcg growth 3Y5.92%
ROICexcg 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-Score5
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.48 | ||
| Debt/FCF | 10.59 | ||
| Debt/EBITDA | 9.77 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.29 | ||
| Cash Conversion | 92.24% | ||
| Profit Quality | 181.15% | ||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 0.23 |
F-Score5
WACC5.9%
ROIC/WACC0.74
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)19.76%
EPS 3Y-8.84%
EPS 5Y-12.94%
EPS Q2Q%-15.74%
EPS Next Y6.25%
EPS Next 2Y7.53%
EPS Next 3Y5.9%
EPS Next 5YN/A
Revenue 1Y (TTM)1.59%
Revenue growth 3Y9.02%
Revenue growth 5Y6.8%
Sales Q2Q%-5.29%
Revenue Next Year3.95%
Revenue Next 2Y2.46%
Revenue Next 3Y2.78%
Revenue Next 5YN/A
EBIT growth 1Y0.32%
EBIT growth 3Y10.03%
EBIT growth 5Y8.08%
EBIT Next Year-4.7%
EBIT Next 3Y-1.44%
EBIT Next 5YN/A
FCF growth 1Y-4.57%
FCF growth 3Y5.42%
FCF growth 5Y6.95%
OCF growth 1Y-4.49%
OCF growth 3Y5.3%
OCF growth 5Y6.93%