BTB Real Estate Investment Trust Full Year 2023 Earnings: FFO per share: CA$0.5 (vs CA$0.43 in FY 2022)

BTB Real Estate Investment Trust (TSE:BTB.UN) Full Year 2023 Results

Key Financial Results

• Revenue: CA$127.8m (up 7.0% from FY 2022).
• Funds from operations (FFO): CA$38.9m (up 7.2% from FY 2022).
• FFO margin: 30% (in line with FY 2022).
• FFO per share: CA$0.5 (up from CA$0.43 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BTB Real Estate Investment Trust Earnings Insights

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 2.2% growth forecast for the REITs industry in Canada.

Performance of the Canadian REITs industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for BTB Real Estate Investment Trust (1 is significant!) that you need to take into consideration.

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