MONTRÉAL, March 10, 2022 /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 March 2022 is $0.025 per unit, representing $0.30 per unit on an annualized basis. The
cash distribution will be paid April
18th, 2022, to unitholders of record on
March 31st, 2022.
ABOUT BTB
BTB is a real estate investment trust listed on the Toronto
Stock Exchange. BTB is a property owner active in eastern and
western Canada and owns 73
properties, representing a total leasable area of approximately
5.7 million square feet and a total asset value that
surpasses $1.1 billion.
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 to fund distributions.
- Optimize the value of its assets through dynamic management of
its properties in order to maximize the long-term value of its
properties.
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