BTB Real Estate Investment Trust

BTB-UN.TOTSXReal Estate● Active

$3.76

+$0.02(+0.53%)

Market Cap$332597617

P/E Ratio—

52W High$4.33

52W Low$3.54

Avg Volume104K

Open$3.72

Beta0.79

Free Cash Flow Financials Revenue

BTB Real Estate Investment Trust (BTB-UN.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BTB-UN.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

BTB-UN.TO · FCF · TTM · margin & CAGR

Free cash flow was $37.3M for FY2025 (fiscal year ending 2025-12-31), down 43.5% year-over-year The FCF margin was 28.7%. Five-year CAGR stands at -4.1%.

FY2025 Free Cash Flow$37.3M▼ -43.5% YoY

Trailing 12M (TTM)$41.9Mtrailing 4 quarters sum

FCF Margin28.7%$37.3M ÷ revenue

3-Year CAGR-34.4%FY2022 → FY2025

5-Year CAGR-4.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BTB-UN.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$37.5M(0M)$37.3M▼ 43.5%28.7%

FY2024$66.0M(0M)$66.0M▼ 6.8%50.8%

FY2023$70.9M(0M)$70.8M▼ 46.3%55.4%

FY2022$66.2M(66M)$131.9M▲ +134.2%110.4%

FY2021$56.5M(0M)$56.3M▲ +22.5%56.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BTB-UN.TO · P/FCF · FCF yield · FCF per share

BTB Real Estate Investment Trust (BTB-UN.TO) trades at a FCF yield of 12.59% and a price-to-free-cash-flow ratio of 8.0x. FCF per share stands at $0.47, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

12.59%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.47

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x25.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BTB-UN.TO · cash flow statement · operating / investing / financing

For FY2025, BTB Real Estate Investment Trust generated $37.5M in operating cash flow and spent 0M in capital expenditures, yielding $37.3M in free cash flow.

Operating Activities

+$37.5M

Cash from core business operations

2025-12-31

Investing Activities

+$1.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$36.1M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($37.5M) − |CapEx| (0M) = FCF ($37.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

BTB-UN.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

BTB Real Estate Investment TrustYOU

BTB-UN.TO

$37.3M-43.5%28.7%

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

BTB Real Estate Investment Trust (BTB-UN.TO) reported free cash flow of $37.3M for FY2025 (fiscal year ending 2025-12-31), down 43.5% year-over-year. The FCF margin was 28.7%.

Based on available data, BTB Real Estate Investment Trust has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $131.9M in FY2022. The 5-year CAGR stands at -4.1%.

BTB Real Estate Investment Trust's FCF yield is 12.59% and price-to-FCF ratio is 8.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BTB-UN.TO free cash flow · 8 questions

BTB Real Estate Investment Trust free cash flow was $37.3M for FY2025, down 43.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $41.9M.

BTB-UN.TO free cash flowBTB-UN.TO FCFBTB-UN.TO FCF 2025BTB-UN.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · BTB Real Estate Investment Trust · BTB Real Estate Investment Trust SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026