BTB Real Estate Investment Trust Reports Third Quarter 2024 Earnings

Simply Wall St

November 06, 2024

BTB Real Estate Investment Trust (TSE:BTB.UN) Third Quarter 2024 Results

Key Financial Results

Revenue: CA$32.5m (up 3.9% from 3Q 2023).
Net income: CA$5.47m (down 64% from 3Q 2023).
Profit margin: 17% (down from 49% in 3Q 2023). The decrease in margin was driven by higher expenses.

earnings-and-revenue-history — TSX:BTB.UN Earnings and Revenue History November 6th 2024

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 3.1% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the REITs industry in Canada.

Performance of the Canadian REITs industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with BTB Real Estate Investment Trust (at least 2 which are potentially serious), and understanding these should be part of your investment process.

Valuation is complex, but we're here to simplify it.

Discover if BTB Real Estate Investment Trust might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.