MONTRÃAL, July 14, 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 July 2022 is $0.025 per unit, representing $0.30 per unit on an annualized basis. The cash distribution will be paid on August 15th, 2022, to unitholders of record on July 29th, 2022.
BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is a property owner active in Canada and owns 75 properties, representing a total leasable area of approximately 5.8 million square feet and a total asset value that surpasses $1.18 billion.
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
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