MONTRÉAL, Nov. 20, 2018 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) is proud to announce that it has been named on the 2018 list of the 15 Best Workplaces™ in Québec. BTB received this honour after a thorough and independent analysis conducted by "Great Place to Work®" and the results will be published in the Globe and Mail.
The list of Best Workplaces™ in Québec is based on direct feedback from employees of the hundreds of organizations that were surveyed by Great Place to Work®. The data has a 90% confidence rating, plus or minus a 5% margin of error. Great Place to Work® determined its 15 Best based on the overall Trust Index score received from employee feedback.
To be eligible for this recognition, organizations must have been "Great Place to Work Certified™" in the past year, be headquartered in Québec and have at least 15 employees working in the province that participated in Great Place to Work Trust® Index employee survey.
"The survey results confirm that BTB is a great place to work. At BTB, there is little hierarchy, each employee, regardless of their role, is treated equally. Accessibility to the senior management is for many! Our employees are proud of what they do and are proud to say that they work at BTB. It's definitely a place where people work hard without counting their hours, but where working and having fun always has its place. All this explains the motivation that our employees have to come to work every morning.
Also, since our inception, a very strong Customer-Focused Culture has been at the core of our organisation. To achieve this culture, we depend on our employees to power our relationships with our clients and that in turn, is the foundation of our success" said Michel Léonard, President and Chief Executive Officer.
About Great Place to Work®
Great Place to Work ® is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, GPTW recognizes the world's Best Workplaces™ in a series of national lists including those published by The Globe & Mail (Canada) and Fortune magazine (USA). Great Place to Work® provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures. Visit us at www.greatplacetowork.ca or find us on Twitter at @GPTW_Canada.
BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. Today, BTB owns 65 retail, office and industrial properties for a total leasable area of more than 5.2 million square feet. BTB's asset value is approximately $800M. The objectives of BTB are: i) to grow its revenues from its assets to increase distributable income and therefore fund distributions; (ii) to maximize the value of its assets through dynamic management of its properties in order to sustain the long-term value of its units; and (iii) to generate cash distributions that are fiscally beneficial to unitholders.
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%.
SOURCE BTB Real Estate Investment Trust
For further information: Mr. Michel Léonard, President and Chief Executive Officer, 514-286-0188, ext. 228