BTB Real Estate Investment Trust (BTBIF)

BTBIF Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	38.74	36.6	38.15	41.57	2.92
Depreciation & Amortization	0.07	0.1	0.12	0.09	0.1
Other Amortization	3.17	2.78	3.11	3.29	3.07
Asset Writedown	-9.8	-1.92	9.3	-19.46	10.24
Stock-Based Compensation	0.94	0.45	0.54	1.07	0.18
Change in Other Net Operating Assets	-2.59	1.61	1.29	3.93	-1.47
Other Operating Activities	35.47	31.24	13.72	26.05	31.1
Operating Cash Flow	66	70.85	66.24	56.54	46.15
Operating Cash Flow Growth	-6.84%	6.96%	17.16%	22.52%	-2.28%
Acquisition of Real Estate Assets	-22.35	-46.38	-121.3	-73.44	-25.14
Sale of Real Estate Assets	2.77	-	30.79	1.71	37.27
Net Sale / Acq. of Real Estate Assets	-19.58	-46.38	-90.51	-71.73	12.13
Investing Cash Flow	-19.58	-46.38	-90.51	-71.73	12.13
Short-Term Debt Issued	7.78	26.35	23.96	35.47	6.86
Long-Term Debt Issued	116.7	48.87	102.56	93.65	53.7
Total Debt Issued	124.48	75.22	126.52	129.12	60.56
Short-Term Debt Repaid	-	-	-49.63	-15.3	-4.02
Long-Term Debt Repaid	-113.91	-47.37	-46.25	-90.47	-66.6
Total Debt Repaid	-113.91	-47.37	-95.87	-105.77	-70.62
Net Debt Issued (Repaid)	10.57	27.85	30.65	23.35	-10.06
Issuance of Common Stock	-	-	38.44	30.27	-
Common Dividends Paid	-22.64	-22.29	-21.57	-18.17	-19.01
Other Financing Activities	-32.8	-31.52	-28.03	-22.13	-21.94
Net Cash Flow	1.56	-1.49	-4.79	-1.87	7.26
Cash Interest Paid	32.59	31.32	27.93	21.76	21.79
Levered Free Cash Flow	19.4	15.27	23.29	22.88	14.42
Unlevered Free Cash Flow	42.68	37.01	42.05	38.17	29.93
Change in Net Working Capital	2.51	8.74	1.1	-2.79	1.24

Updated Feb 24, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.