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BTB Reports First Quarter 2026 Results Marked by Acquisitions Aligned with our Repositioning Strategy
BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB", the "REIT" or the "Trust") releases today its financial results for the first quarter of 2026, ended March 31st, 2026 (the "First Quarter").
About this update from Btb Real Estate Investment Trust
[{"type":"text","content":"MONTRÉAL, May 12, 2026 /CNW/ - BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB", the "REIT" or the "Trust") releases today its financial results for the first quarter of 2026, ended March 31st, 2026 (the "First Quarter").","length":266,"tagName":"p"},{"type":"image","alt":"Q1 2026 Results (CNW Group/BTB Real Estate Investment Trust)","displaySize":"","headline":null,"caption":"Q1 2026 Results (CNW Group/BTB Real Estate Investment Trust)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":267,"url":"https://media.zenfs.com/en/cnwgroup.com/b2cbdb0541296da7144a74ff45796c51"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/yMSqmIcLnz99Ewj0ylgHLw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/b2cbdb0541296da7144a74ff45796c51","width":400,"height":267},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/oyE7ih.cO35wdLgwfci1LQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTQyNztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/b2cbdb0541296da7144a74ff45796c51","width":400,"height":267}},"href":"https://mma.prnewswire.com/media/2978452/BTB_Real_Estate_Investment_Trust_BTB_Reports_First_Quarter_2026.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""The first quarter of 2026 was marked by the acquisition of three fully leased industrial properties totaling 143,118 square feet in the Leduc suburb of Edmonton, Alberta. This accretive acquisition contributes to our geographical diversification and strengthens our industrial portfolio, aligned with our repositioning strategy. As of Closing, this acquisition will contribute $2.5 million of NOI, on an annualized basis.","length":427,"tagName":"p"},{"type":"text","content":"Q1 2026 results have been impacted, on a comparative basis, by (1) a partial lease cancellation payment which positively affected NOI in the first quarter of 2025; (2) a net decrease of $0.2 million related to dispositions completed throughout 2025; (3) a decrease of $1.3 million resulting from planned tenant departures not yet replaced, (4) free rent granted to new tenants, and (5) a disclosed rent reduction granted to a tenant during 2025. The Trust did record a positive variance of $0.4 million due to operating improvements, new leases concluded, higher lease renewal rental rates, a...