BTB Real Estate Investment Trust BTB.UN

Morningstar Rating

About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

BTB.UN is trading at a 182% premium.
Price
CAD 3.59
Fair Value
CAD 8.23
Uncertainty
High
1-Star Price
CAD 2.68
5-Star Price
CAD 3.22
Economic Moat
Xwk
Capital Allocation

Trading Information

Previous Close Price
Day Range
52-Week Range
Bid/Ask
/
Market Cap
Volume/Avg
/

Key Statistics

Price/Earnings (Normalized)
9.86
Price/Sales
2.44
Dividend Yield (Trailing)
8.38%
Dividend Yield (Forward)
8.38%
Total Yield
8.39%

Company Profile

BTB Real Estate Investment Trust is a real estate investment trust. It owns and manages properties across Canada. Its objective is to generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders by acquiring properties with high occupancy rates and good tenant quality. The company has three operating segments; Industrial, Off-downtown core office, and Necessity-based retail. Off-downtown core office segment generates the majority of the revenue in the form of rental income.
Sector
Real Estate
Industry
REIT - Office
Stock Style Box
Small Value
Total Number of Employees
81

Comparables

Valuation

Metric
BTB.UN
NXR.UN
MRT.UN
Price/Earnings (Normalized)
9.8615.886.50
Price/Book Value
0.650.570.40
Price/Sales
2.443.561.40
Price/Cash Flow
8.8412.817.01
Price/Earnings
BTB.UN
NXR.UN
MRT.UN

Financial Strength

Metric
BTB.UN
NXR.UN
MRT.UN
Quick Ratio
0.150.030.04
Current Ratio
0.230.440.08
Interest Coverage
1.804.30−0.63
Quick Ratio
BTB.UN
NXR.UN
MRT.UN

Profitability

Metric
BTB.UN
NXR.UN
MRT.UN
Return on Assets (Normalized)
2.72%7.28%−4.66%
Return on Equity (Normalized)
7.00%17.57%−11.11%
Return on Invested Capital (Normalized)
5.18%10.13%−1.85%
Return on Assets
BTB.UN
NXR.UN
MRT.UN

REIT - Office Industry Comparables

1-Day Chart
Name
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Morningstar Rating for Stocks
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Economic Moat
Market Cap
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Kilroy Realty Corp
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SL Green Realty Corp
SLG
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Cousins Properties Inc
CUZ
Lxbgy$4.4 Bil

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