Canada NewsWire
MONTRÉAL, Oct. 5, 2020
MONTRÉAL, Oct. 5, 2020 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) (" BTB " or the " REIT ") announced today that the monthly cash distribution for the month of October 2020 is $0.025 per unit, representing $0.30 per unit on an annualized basis. The cash distribution will be paid November 16 th , 2020 to unitholders of record on October 30 th , 2020
BTB AS AT OCTOBER 5 th , 2020
BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada . As at October 5 th , 2020, BTB owns 64 retail, office, and industrial properties for a total leasable area of approximately 5.3 million square feet and an approximate total asset value of approximately of $930M .
BTB'S OBJECTIVES
- Generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders;
- Grow the Trust's assets through internal growth and accretive acquisitions in order to increase distributable income and therefore refund distributions;
- Optimize the value of its assets through the dynamic management of its properties in order to maximize the long-term value of its properties and therefore, its units.
BTB offers a distribution reinvestment plan to unitholders whereby the participants may elect to have their monthly cash distribution reinvested in additional units of BTB at a price based on the weighted average price for BTB's Units on the Toronto Stock Exchange for the five trading days immediately preceding the distribution date, discounted by 3%.
For more detailed information, visit BTB's website at www.btbreit.com .
SOURCE BTB Real Estate Investment Trust