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BTB Real Estate Investment Trust Reports First Quarter 2024 Earnings

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

Key Financial Results

  • Revenue: CA$32.6m (flat on 1Q 2023).

  • Net income: CA$7.15m (down 19% from 1Q 2023).

  • Profit margin: 22% (down from 27% in 1Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

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 2.5% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the REITs industry in Canada.

Performance of the Canadian REITs industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

Be aware that BTB Real Estate Investment Trust is showing 3 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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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.