BTB Real Estate Investment Trust (TSX:BTB.UN)

TSX:BTB.UN Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	130.14	130.03	127.83	119.5	100.34
Total Revenue	130.14	130.03	127.83	119.5	100.34
Revenue Growth (YoY	0.08%	1.72%	6.97%	19.09%	7.93%
Property Expenses	55.09	54.98	52.45	49.07	44.01
Selling, General & Administrative	9.93	9.43	7.5	7.44	6.84
Total Operating Expenses	65.01	64.41	59.94	56.5	50.85
Operating Income	65.13	65.62	67.88	62.99	49.49
Interest Expense	-37.15	-37.24	-34.78	-30.02	-24.46
Interest & Investment Income	1.41	2.33	1.83	0.62	0.74
Other Non-Operating Income	-1.92	-1.76	-0.26	14.37	-3.48
EBT Excluding Unusual Items	27.46	28.95	34.68	47.97	22.29
Asset Writedown	-5.09	10.26	2	-8.2	19.57
Other Unusual Items	-	-0.47	-0.08	-1.61	-0.3
Pretax Income	22.37	38.74	36.6	38.15	41.57
Net Income	22.37	38.74	36.6	38.15	41.57
Net Income to Common	22.37	38.74	36.6	38.15	41.57
Net Income Growth	-42.26%	5.86%	-4.08%	-8.21%	1324.05%
Basic Shares Outstanding	-	88	86	83	72
Diluted Shares Outstanding	-	88	86	83	72
Shares Change (YoY)	-	1.99%	3.42%	16.62%	13.91%
EPS (Basic)	-	0.44	0.42	0.46	0.58
EPS (Diluted)	-	0.44	0.42	0.46	0.58
EPS Growth	-	3.79%	-7.25%	-21.29%	1150.16%
Dividend Per Share	-	0.300	0.300	0.300	0.300
Dividend Growth	-	-	-	-	-11.77%
Operating Margin	50.04%	50.46%	53.11%	52.72%	49.33%
Profit Margin	17.19%	29.79%	28.63%	31.93%	41.43%
EBITDA	65.27	65.69	67.98	63.12	49.58
EBITDA Margin	50.15%	50.52%	53.18%	52.82%	49.41%
D&A For Ebitda	0.14	0.07	0.1	0.12	0.09
EBIT	65.13	65.62	67.88	62.99	49.49
EBIT Margin	50.04%	50.46%	53.11%	52.72%	49.33%
Funds From Operations (FFO)	-	36.69	38.86	36.27	29.85
Adjusted Funds From Operations (AFFO)	-	33.09	34.87	32.53	27.27
FFO Payout Ratio	-	61.70%	57.36%	59.48%	60.88%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.