BTBIF
BTB Real Estate Investment Trust
OTC Markets OTCPKUSDEQUITY
Real Estate
DELAYED
Sell
-36/100
Last price
2.57
■ 0.00 (0.00%)
MARKET · —
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
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Range —
Vol —
vs
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Open
—
Prev close
2.57
Day high
2.59
Day low
2.59
Volume
200
Market cap
$229.13M
P/E (TTM)
12.24
52W range
2.50 – 3.17
Trailing performance
Returnvs SPY
1W
0.00%
-2.0%
1M
-6.61%
-8.2%
3M
-5.86%
-9.3%
6M
-7.89%
-22.9%
YTD
-14.53%
-28.6%
1Y
-8.12%
-23.9%
3Y
+13.12%
-68.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on BTBIF open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
1.82M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 21, 26 | Leonard (Stephanie) Senior Officer of Issuer |
— | 0 | — | Direct |
| Aug 27, 26 | Loiselle (Jacqueline) Senior Officer of Issuer |
BUY | 880 | $2.44K | Direct |
| Jun 30, 26 | Des Rosiers (Armand) Director of Issuer |
COMPENSATION | 4.24K | $11.56K | Direct |
| Jun 30, 26 | Des Rosiers (Armand) Director of Issuer |
STOCK | 578 | $1.57K | Direct |
| Jun 30, 26 | Janson (Jean-Pierre) Director of Issuer |
STOCK | 355 | $967 | Direct |
| Jun 30, 26 | Marchildon, Christine Director of Issuer |
COMPENSATION | 4.35K | $11.85K | Direct |
| Jun 30, 26 | Marchildon, Christine Director of Issuer |
STOCK | 1.02K | $2.79K | Direct |
| Jun 30, 26 | Martin (Luc) Director of Issuer |
COMPENSATION | 5.53K | $15.06K | Direct |
| Jun 30, 26 | Martin (Luc) Director of Issuer |
STOCK | 804 | $2.19K | Direct |
| Jun 1, 26 | Hogue (Francis) Senior Officer of Issuer |
BUY | 58 | $157 | Direct |
| Apr 2, 26 | Dorais B�dard (Charles) Senior Officer of Issuer |
EXERCISE | 1.93K | $5.26K | Direct |
| Apr 2, 26 | Dorais B�dard (Charles) Senior Officer of Issuer |
STOCK | 340 | $925 | Direct |
| Apr 2, 26 | Dorais B�dard (Charles) Senior Officer of Issuer |
EXERCISE | 898 | $2.44K | Direct |
| Apr 2, 26 | Dorais B�dard (Charles) Senior Officer of Issuer |
STOCK | 67 | $183 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Des Rosiers (Armand) |
Director of Issuer | 33.52K | Compensation for services |
Ducharme (Lucie) |
Director of Issuer | 122.77K | Stock dividend |
Janson (Jean-Pierre) |
Director of Issuer | 18.34K | Stock dividend |
Lefebvre (Marc-andre) |
Senior Officer of Issuer | 28.73K | Exercise of rights |
Loiselle (Jacqueline) |
Senior Officer of Issuer | 23.67K | Acquisition or disposition in the public market |
L�onard, Michel |
Director of Issuer | 611.87K | Exercise of rights |
Marchildon, Christine |
Director of Issuer | 56.36K | Compensation for services |
Martin (Luc) |
Director of Issuer | 46.28K | Compensation for services |
Meunier (Bruno) |
Senior Officer of Issuer | 27.57K | Exercise of rights |
Proteau (Jocelyn) |
Director of Issuer | 35.96K | Stock dividend |
Fundamentals
Market cap$229.13M
Enterprise value$980.33M
Revenue (TTM)$129.05M
Gross profit$74.81M
EBITDA$65.40M
Net income$25.70M
EPS (TTM)$0.21
Free cash flow$21.76M
Total cash$601.00K
Total debt$753.59M
Book value / share$3.97
Shares outstanding88.46M
Float88.17M
Short % of float—
Dividend yield8.18%
Beta (5Y)0.80
Valuation & profitability ratios
Trailing P/E12.24
Forward P/E—
PEG ratio—
Price / sales—
Price / book0.65
EV / revenue7.60
EV / EBITDA14.99
Gross margin57.97%
Operating margin51.50%
Profit margin19.91%
Return on equity5.18%
Return on assets3.21%
Debt / equity152.07
Current ratio0.13
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $130.14M | $130.03M | $127.83M | $119.50M | +0.1% |
| Operating revenue | $106.79M | $107.57M | $107.73M | $100.64M | -0.7% |
| Cost of revenue | $55.09M | $54.98M | $52.45M | $49.06M | +0.2% |
| Gross profit | $75.05M | $75.05M | $75.38M | $70.43M | +0.0% |
| Selling, general & admin | $9.93M | $9.43M | $7.50M | $7.44M | +5.3% |
| Total operating expense | $9.93M | $9.43M | $7.50M | $7.44M | +5.3% |
| Operating income | $65.13M | $65.62M | $67.88M | $62.99M | -0.8% |
| Net interest income | -$35.53M | -$34.70M | -$32.77M | -$29.80M | -2.4% |
| Pre-tax income | $22.37M | $38.74M | $36.60M | $38.15M | -42.3% |
| Net income | $22.37M | $38.74M | $36.60M | $38.15M | -42.3% |
| Net income to common | $22.37M | $38.74M | $36.60M | $38.15M | -42.3% |
| Basic EPS | 0.25 | 0.44 | 0.42 | 0.46 | -43.2% |
| Diluted EPS | 0.25 | 0.44 | 0.42 | 0.46 | -43.2% |
| EBIT | $59.31M | $75.77M | $71.20M | $68.58M | -21.7% |
| EBITDA | $59.45M | $75.84M | $71.30M | $68.70M | -21.6% |
| Basic shares | 88.84M | 88.00M | 86.29M | 83.44M | +1.0% |
| Diluted shares | 88.84M | 88.00M | 86.29M | 83.44M | +1.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $5.43M | $2.47M | $912.00K | $2.40M | +119.8% |
| Cash & short-term investments | $5.43M | $2.47M | $912.00K | $2.40M | +119.8% |
| Accounts receivable | $3.02M | $1.65M | $1.47M | $2.42M | +82.5% |
| Total current assets | $24.73M | $20.84M | $17.16M | $10.38M | +18.7% |
| Property, plant & equipment | $236.00K | $208.00K | $271.00K | $322.00K | +13.5% |
| Total assets | $1.24B | $1.26B | $1.23B | $1.18B | -1.0% |
| Total current liabilities | $237.26M | $153.39M | $182.00M | $108.30M | +54.7% |
| Current debt | $214.89M | $132.03M | $160.28M | $86.09M | +62.8% |
| Long-term debt | $496.36M | $594.53M | $556.62M | $601.86M | -16.5% |
| Total debt | $720.18M | $735.24M | $724.23M | $692.15M | -2.0% |
| Total liabilities | $752.95M | $761.72M | $749.99M | $717.27M | -1.2% |
| Retained earnings | -$280.79M | -$254.32M | -$228.06M | -$202.24M | -10.4% |
| Shareholder equity | $490.97M | $494.28M | $477.65M | $462.07M | -0.7% |
| Working capital | -$212.52M | -$132.56M | -$164.84M | -$97.92M | -60.3% |
| Net tangible assets | $490.97M | $494.28M | $477.65M | $462.07M | -0.7% |
| Shares issued | 88.27M | 88.02M | 86.71M | 85.24M | +0.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $22.37M | $38.74M | $36.60M | $38.15M | — | -42.3% |
| Depreciation & amortisation | $141.00K | $72.00K | $99.00K | $122.00K | — | +95.8% |
| Stock-based compensation | $1.58M | $937.00K | $445.00K | $541.00K | — | +69.1% |
| Change in working capital | $304.00K | -$2.59M | $1.60M | $1.29M | — | +111.7% |
| Operating cash flow | $70.60M | $66.00M | $70.85M | $66.24M | — | +7.0% |
| Capital expenditure | -$169.00K | — | -$50.00K | — | -$199.00K | — |
| Investing cash flow | $1.58M | -$19.58M | -$46.38M | -$90.51M | — | +108.1% |
| Share buybacks | — | — | -$25.00K | — | — | — |
| Dividends paid | -$26.10M | -$22.85M | -$22.46M | -$21.68M | — | -14.3% |
| Financing cash flow | -$69.22M | -$44.87M | -$25.96M | $19.48M | — | -54.3% |
| Free cash flow | $70.44M | $66.00M | $70.85M | $66.24M | — | +6.7% |
| End cash position | $5.43M | $2.47M | $912.00K | $2.40M | — | +119.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $31.87M | $31.96M | $32.34M | $30.51M | $34.41M | -0.3% |
| Operating revenue | $26.68M | $26.42M | $26.53M | $25.35M | $28.34M | +1.0% |
| Cost of revenue | $12.95M | $14.18M | $14.10M | $13.38M | $14.59M | -8.7% |
| Gross profit | $18.92M | $17.78M | $18.24M | $17.13M | $19.82M | +6.4% |
| Selling, general & admin | $2.51M | $1.71M | $2.71M | $2.58M | $2.02M | +46.9% |
| Total operating expense | $2.51M | $1.71M | $2.71M | $2.58M | $2.02M | +46.9% |
| Operating income | $16.41M | $16.07M | $15.53M | $14.54M | $17.80M | +2.1% |
| Net interest income | -$8.87M | -$8.84M | -$8.80M | -$8.74M | -$9.25M | -0.3% |
| Pre-tax income | $8.77M | $8.36M | -$932.00K | $6.19M | $7.61M | +4.9% |
| Net income | $8.77M | $8.36M | -$932.00K | $6.19M | $7.61M | +4.9% |
| Net income to common | $8.77M | $8.36M | -$932.00K | $6.19M | $7.61M | +4.9% |
| Basic EPS | 0.10 | 0.09 | -0.01 | 0.07 | 0.09 | +11.1% |
| Diluted EPS | 0.10 | 0.09 | -0.01 | 0.07 | 0.09 | +11.1% |
| EBIT | $17.90M | $17.47M | $8.17M | $15.28M | $17.28M | +2.5% |
| EBITDA | $17.92M | $17.49M | $8.23M | $15.30M | $17.30M | +2.4% |
| Basic shares | 89.08M | 88.98M | 88.27M | 88.95M | 88.82M | +0.1% |
| Diluted shares | 89.08M | 88.98M | 88.27M | 88.95M | 88.82M | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $601.00K | $1.45M | $5.43M | $5.68M | $5.45M | -58.5% |
| Cash & short-term investments | $601.00K | $1.45M | $5.43M | $5.68M | $5.45M | -58.5% |
| Accounts receivable | $4.88M | $7.08M | $3.02M | $4.04M | $4.18M | -31.0% |
| Total current assets | $29.07M | $27.78M | $24.73M | $31.63M | $28.81M | +4.7% |
| Property, plant & equipment | $209.00K | $163.00K | $236.00K | $173.00K | $190.00K | +28.2% |
| Total assets | $1.28B | $1.27B | $1.24B | $1.26B | $1.26B | +1.0% |
| Total current liabilities | $170.50M | $224.56M | $237.26M | $101.87M | $142.04M | -24.1% |
| Current debt | $142.96M | $200.20M | $214.89M | $74.45M | $118.64M | -28.6% |
| Long-term debt | $599.01M | $533.43M | $496.36M | $648.03M | $609.64M | +12.3% |
| Total debt | $750.87M | $742.55M | $720.18M | $731.14M | $736.96M | +1.1% |
| Total liabilities | $785.81M | $775.95M | $752.95M | $766.94M | $768.52M | +1.3% |
| Retained earnings | -$294.05M | -$287.42M | -$280.79M | -$267.55M | -$260.93M | -2.3% |
| Shareholder equity | $495.57M | $492.85M | $490.97M | $495.64M | $495.94M | +0.6% |
| Working capital | -$141.42M | -$196.78M | -$212.52M | -$70.24M | -$113.23M | +28.1% |
| Net tangible assets | $495.57M | $492.85M | $490.97M | $495.64M | $495.94M | +0.6% |
| Shares issued | 88.46M | 88.30M | 88.27M | 88.27M | 88.23M | +0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $8.77M | $8.36M | -$932.00K | $6.19M | $7.61M | +4.9% |
| Depreciation & amortisation | $16.00K | $19.00K | $69.00K | $17.00K | $18.00K | -15.8% |
| Stock-based compensation | $284.00K | $110.00K | $679.00K | $360.00K | $194.00K | +158.2% |
| Change in working capital | $1.06M | -$5.01M | $3.36M | $1.53M | -$3.07M | +121.3% |
| Operating cash flow | $18.62M | $11.59M | $20.07M | $18.79M | $15.36M | +60.7% |
| Capital expenditure | — | — | -$22.00K | — | — | — |
| Investing cash flow | -$7.29M | -$32.13M | -$2.05M | -$64.00K | -$2.59M | +77.3% |
| Dividends paid | -$6.69M | -$6.67M | -$6.67M | -$6.67M | -$6.09M | -0.2% |
| Financing cash flow | -$12.18M | $16.56M | -$18.11M | -$18.50M | -$9.79M | -173.6% |
| Free cash flow | $18.62M | $11.59M | $20.05M | $18.79M | $15.36M | +60.7% |
| End cash position | $601.00K | $1.45M | $5.43M | $5.68M | $5.45M | -58.5% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | — | — | $128.16M | -1.5% |
| Next year | — | — | $134.91M | +5.3% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders2.06%
Held by institutions0.71%
Institutions holding5
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
2.57
-0.09% from price
SMA 20
2.59
-0.75% from price
SMA 50
2.69
-4.49% from price
SMA 100
2.73
-5.71% from price
SMA 200
2.85
-9.70% from price
EMA 12
2.58
-0.46% from price
EMA 26
2.62
-1.91% from price
EMA 50
2.67
-3.57% from price
RSI (14)
19.7
Oversold
MACD (12,26,9)
-0.04
Hist 0.00
ATR (14)
0.00
0.11% of price
Realised vol 30D
9.5%
Annualised
Bollinger upper
2.64
20, 2σ
Bollinger lower
2.54
20, 2σ
50 / 200 cross
Death
2.69 vs 2.85
Trend bias
Below 200
-9.70%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.06
Less volatile than market
Correlation to SPY
0.03
Largely independent
Realised vol 30D
9.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-18.9%
Peak to trough
Max drawdown 5Y
-41.3%
Peak to trough
ATR 14
0.00
0.11% of price
Beta (reported)
0.80
5Y monthly, from filing
Dividends & splits
Forward rate$0.21 / yr
Forward yield8.18%
5-year avg yield8.43%
Payout ratio104.60%
Ex-dividend dateSep 29, 2026
Next pay dateDec 15, 2025
Last split1:5
Split dateJun 7, 2012
Headlines
BTB Announces its Distribution for the Month of October 2026
CNW Group · 6h ago
BTB to Release 2026 Third Quarter Results and Host Conference Call
CNW Group · 1d ago
BTB Announces its Distribution for the Month of September 2026
CNW Group · 28d ago
BTB Real Estate Investment Trust (BTBIF) (Q2 2026) Earnings Call Highlights: AFFO Per Unit ...
GuruFocus.com · 56d ago
BTB REIT Appoints Marc-Andre Lefebvre as Chief Operating Officer
MT Newswires · 56d ago
BTB Announces the Appointment of Marc-André Lefebvre as Executive Vice President, Chief Financial Officer and Chief Operating Officer
CNW Group · 56d ago
BTB Real Estate Investment Trust Q2 Earnings Call Highlights
MarketBeat · 56d ago
BTB REIT Q2 Adjusted Net Income, Revenue Rise
MT Newswires · 56d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.