BTB Real Estate Investment Trust (BTB-UN) Fair Value & Analysis
Real Estate · CA · Market cap C$345M
Fair value as of: Jul 14, 2026
From 26 valuation models · updated 7 days ago
Share price +1.3% over the past month.
Price vs Fair Value (12 months)
12‑month range C$3.34 – C$4.18 · fair‑value band C$3.22 – C$5.37 · the C$3.91 price screens below the C$4.30 fair value. As of Jul 14, 2026.
✦ Which stocks are undervalued right now? Check free Discover now →Analysis
BTB Real Estate Investment Trust (BTB-UN) currently trades at C$3.91, while our model-based Fair Value estimate is C$4.30, implying the stock looks roughly 10.0% fairly valued today. We read business quality at 58/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, BTB Real Estate Investment Trust generated revenue of C$128M at a net margin of 18.1%. Revenue declined 7.1% year over year. It earns a return on equity of 4.7%. Net debt stands at C$724M. Fundamentals as of Jul 14, 2026
Our scenario range runs from C$3.22 (bear case) to C$5.37 (bull case); at C$3.91, the current price sits within that range. The share trades about 7% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at 10%, BTB-UN screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 14, 2026. TTM = trailing twelve months.
About the company
BTB Real Estate Investment Trust is a real estate investment trust listed on the Toronto Stock Exchange. BTB invests in industrial, suburban office and necessity-based retail properties across Canada for the benefit of their investors. As of today, BTB owns and manages 74 properties, representing a total leasable area of approximately 6.0 million square feet. BTB Real Estate Investment Trust was established and incorporated on September 8, 2005 in Quebec, Canada.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
BTB Real Estate Investment Trust reported revenue of C$130M in FY2025 versus C$100M in FY2021, a compound +6.7%/yr. Reported net income was C$22.4M in FY2025, compounding +6.5%/yr from FY2021.
Is BTB-UN fairly valued? → Check now
Similar stocks
10 more REIT - Office stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BXP, Inc BXP | $64.70 | $45.52 | -30% |
| MERLIN Properties SOCIMI, S.A MRL | €15.23 | €8.74 | -43% |
| Vornado Realty Trust VNORP | $51.75 | $47.22 | -9% |
| Alexandria Real Estate Equities, Inc ARE | $50.73 | $126.83 | +150% |
| Gecina GECFF | $87.89 | $128.26 | +46% |
| Hudson Pacific Properties, Inc HPP | $14.38 | $4.30 | -70% |
| Mapletree Pan Asia Commercial Trust MPCMF | $1.07 | $0.7300 | -31% |
| Cousins Properties Incorporated CUZ | $29.25 | $17.62 | -40% |
| Keppel DC REIT KPDCF | $1.75 | $1.48 | -15% |
| DEXUS DEXSF | $4.05 | $2.67 | -34% |
Explore undervalued stocks
More undervalued Real Estate stocks →
Frequently asked questions
Is BTB Real Estate Investment Trust (BTB-UN) undervalued?
What is the fair value of BTB-UN?
What is the quality score of BTB-UN?
What is the revenue of BTB Real Estate Investment Trust (BTB-UN)?
What is the net profit margin of BTB-UN?
Does BTB Real Estate Investment Trust pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Unlock the full BTB Real Estate Investment Trust analysis, and try Pro free
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.
Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.