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

TSX:BTB.UN Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	131.81	130.03	127.83	119.5	100.34	92.97
Total Revenue	131.81	130.03	127.83	119.5	100.34	92.97
Revenue Growth (YoY	3.33%	1.72%	6.97%	19.09%	7.93%	-0.68%
Property Expenses	55.29	54.98	52.45	49.07	44.01	41.71
Selling, General & Administrative	8.98	9.43	7.5	7.44	6.84	6.75
Total Operating Expenses	64.27	64.41	59.94	56.5	50.85	48.46
Operating Income	67.54	65.62	67.88	62.99	49.49	44.51
Interest Expense	-37.69	-37.24	-34.78	-30.02	-24.46	-24.82
Interest & Investment Income	2.18	2.33	1.83	0.62	0.74	0.56
Other Non-Operating Income	-2.82	-1.76	-0.26	14.37	-3.48	-7.02
EBT Excluding Unusual Items	29.21	28.95	34.68	47.97	22.29	13.24
Gain (Loss) on Sale of Assets	-	-	-	-	-	-1.87
Asset Writedown	10.26	10.26	2	-8.2	19.57	-8.38
Other Unusual Items	-0.27	-0.47	-0.08	-1.61	-0.3	-0.08
Pretax Income	39.2	38.74	36.6	38.15	41.57	2.92
Net Income	39.2	38.74	36.6	38.15	41.57	2.92
Net Income to Common	39.2	38.74	36.6	38.15	41.57	2.92
Net Income Growth	12.16%	5.86%	-4.08%	-8.21%	1324.05%	-94.37%
Basic Shares Outstanding	88	88	86	83	72	63
Diluted Shares Outstanding	88	88	86	83	72	63
Shares Change (YoY)	1.89%	1.99%	3.42%	16.62%	13.91%	6.28%
EPS (Basic)	0.44	0.44	0.42	0.46	0.58	0.05
EPS (Diluted)	0.44	0.44	0.42	0.46	0.58	0.05
EPS Growth	10.07%	3.79%	-7.25%	-21.29%	1150.16%	-94.71%
Dividend Per Share	0.300	0.300	0.300	0.300	0.300	0.340
Dividend Growth	-	-	-	-	-11.77%	-19.05%
Operating Margin	51.24%	50.46%	53.11%	52.72%	49.33%	47.88%
Profit Margin	29.74%	29.79%	28.63%	31.93%	41.43%	3.14%
EBITDA	67.61	65.69	67.98	63.12	49.58	44.61
EBITDA Margin	51.29%	50.52%	53.18%	52.82%	49.41%	47.98%
D&A For Ebitda	0.07	0.07	0.1	0.12	0.09	0.1
EBIT	67.54	65.62	67.88	62.99	49.49	44.51
EBIT Margin	51.24%	50.46%	53.11%	52.72%	49.33%	47.88%
Funds From Operations (FFO)	37.85	36.69	38.86	36.27	29.85	22
Adjusted Funds From Operations (AFFO)	-	33.09	34.87	32.53	27.27	19.92
FFO Payout Ratio	60.89%	61.70%	57.36%	59.48%	60.88%	86.43%

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