BTB Real Estate Investment Trust (BTBIF) and Its Rivals Critical Review

Insider & Institutional Ownership

1.7% of BTB Real Estate Investment Trust shares are owned by institutional investors. Comparatively, 39.1% of shares of all “Diversified REITs” companies are owned by institutional investors. 12.0% of shares of all “Diversified REITs” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Earnings and Valuation

This table compares BTB Real Estate Investment Trust and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
BTB Real Estate Investment Trust	N/A	N/A	6.20
BTB Real Estate Investment Trust Competitors	$198.23 million	$18.17 million	7.08

BTB Real Estate Investment Trust’s peers have higher revenue and earnings than BTB Real Estate Investment Trust. BTB Real Estate Investment Trust is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Dividends

BTB Real Estate Investment Trust pays an annual dividend of $0.40 per share and has a dividend yield of 14.3%. BTB Real Estate Investment Trust pays out 88.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Diversified REITs” companies pay a dividend yield of 6.6% and pay out -1,040.1% of their earnings in the form of a dividend.

Profitability

This table compares BTB Real Estate Investment Trust and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
BTB Real Estate Investment Trust	N/A	N/A	N/A
BTB Real Estate Investment Trust Competitors	-34.09%	-4.54%	0.57%

Summary

BTB Real Estate Investment Trust peers beat BTB Real Estate Investment Trust on 6 of the 9 factors compared.

About BTB Real Estate Investment Trust

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is a property owner active in Canada and owns 77 properties, representing a total leasable area of approximately 6.1 million square feet and a total asset value that surpasses $1.2 billion. 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%.