BTB Real Estate Investment Trust Reports Third Quarter 2024 Earnings

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.

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.

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