BTB’s next earnings report comes with modest growth expectations, but its limited track record offers little reason to count on a beat.
BTB Real Estate Investment Trust is scheduled to report results after markets close on November 10, 2026, for the quarter ended September 30. One analyst expects EPS of C$0.36, up from C$0.35 a year earlier. Two analysts expect revenue of C$132.53 million. Those estimates point to EPS growth of 2.9% and revenue growth of 2.0%. With so few analysts contributing, treat these figures as a rough guide, not a broad consensus. For company details, see the BTB-UN stock page.
Recent earnings trend
BTB Real Estate Investment Trust
BTB-UN.TO
BTB-UN.TO
BTB Real Estate Investment Trust
WealthAwesomeMarket cap
$325.41M
P/E
12.6x
Div. yield
8.26%
Div. / share
$0.30
52W high
$4.06
52W low
$3.50
1W change
-0.27%
Beta
0.79
Analyst Price Targets
Based on analyst covering BTB-UN · as of Oct 28, 2026
Wall Street analysts forecast BTB-UN stock price to rise 5.1% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$3.84
+5.1% Upside
Previously C$3.90 on Oct 23, 2026
Current Price
C$3.65
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BTB-UN's historical volatility
30-Day Vol
11.0%
Annualized
90-Day Vol
11.8%
Annualized
Trend (90d)
-27.8%
Annualized drift
90d Mean
C$3.30
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$3.53 | C$3.40 – C$3.67 |
| 60 trading days | C$3.42 | C$3.24 – C$3.60 |
| 90 trading days | C$3.30 | C$3.09 – C$3.53 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-11 | 0.0984 | — | — |
| 2026-03-31 | 2026-05-12 | 0.0940 | — | — |
| 2025-12-31 | 2026-02-24 | -0.0105 | — | — |
| 2025-09-30 | 2025-11-03 | 0.1068 | — | — |
| 2025-06-30 | 2025-08-04 | 0.0696 | — | — |
| 2025-03-31 | 2025-05-05 | 0.0857 | — | — |
Investor takeaway: The report will show whether BTB delivered the modest year-over-year growth analysts expect. The EPS estimate has fallen from C$0.37 to C$0.36 over the past 30 days, with one downward revision and none upward. Historical comparisons are limited: just two comparable quarters have both actual and estimated EPS, and BTB missed in both. That small, dated sample doesn’t establish a pattern, but it’s no reason to assume a beat. Focus on the reported results and management’s comments on property performance rather than treating one analyst’s estimate as a firm target.
C$0.36 EPS consensus
One analyst expects EPS of C$0.36 for the quarter ended September 30, compared with C$0.35 a year earlier. The estimate was C$0.37 a month ago. With only one analyst weighing in, even a small change matters. Use the figure as a benchmark, not a reliable consensus.
Bull case
The forecast calls for slightly higher EPS and revenue than a year ago. BTB says it focuses on acquiring industrial properties in major Canadian markets. Its portfolio also includes necessity-based retail and suburban office properties. The REIT owns and manages 72 properties covering about 5.9 million square feet. Meeting or beating the modest forecast would support the view that its portfolio is sustaining growth.
BTB’s latest announced monthly distribution is C$0.025 per unit, or C$0.30 a year. Payment is scheduled for December 15 to unitholders of record on November 27. This is useful context for income-focused investors, but it doesn’t show whether earnings or distributions will grow or remain secure.
Bear case
The EPS estimate has dropped by one cent over the past month. BTB also missed in both comparable quarters with available actual and estimated EPS. Two quarters are too few to establish a trend, but they don’t support a confident bet on a beat.
BTB-UN.TO last closed at C$3.65, below its 50-day average of C$3.68 and its 200-day average of C$3.85. A miss or comments that weaken the modest growth outlook could put further pressure on the shares. The indicated dividend yield is 8.26%, which may appeal to income investors, but a high yield alone doesn’t show that distributions are sustainable.
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