Jan. 15, 2013
/CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) announced today that the monthly cash distribution for the month of
per unit, representing
per unit on an annualized basis. The cash distribution will be paid on
February 15, 2013
to unitholders of record on
January 31, 2013
BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern
. BTB owns 65 commercial, office and industrial properties for a total of more than 4.3 million square feet. BTB's asset value is in excess of
. The objectives of BTB are: i) to grow its revenues from its assets to increase distributable income and therefore fund distributions; (ii) to maximize the value of its assets through dynamic management of its properties in order to sustain the long-term value of its units; and (iii) to generate cash distributions that are fiscally beneficial to unitholders.
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.
SOURCE BTB REAL ESTATE INVESTMENT TRUST