MONTRÉAL, June 10, 2021 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB" or the "REIT") announced today that the monthly cash distribution for the month of June 2021 is $0.025per unit, representing $0.30per unit on an annualized basis. The cash distribution will be paid July 15th, 2021, to unitholders of record on June 30th, 2021.
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 June 10th, 2021 BTB owns 64 retail, office, and industrial properties for a total leasable area of approximately 5.3 million square feet. As of March 31st, 2021, BTB's approximate total asset value is approximately $924M.
Generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders;
Grow the Trust's assets through internal growth and accretive acquisitions in order to increase distributable income and therefore refund distributions;
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 information: Mr. Michel Léonard, President and Chief Executive Officer, (T) 514-286-0188 x228, (E) [email protected]; Mr. Mathieu Bolté, Chief Financial Officer, (T) 514-286-0188 x244, (E) [email protected]
BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in Eastern Canada. BTB owns 66 commercial, office and industrial properties for a total leasable area of approximately 5.2 million square feet. BTB's asset...