BTB Real Estate Investment Trust
TSX:BTB.UN
Income Statement
Earnings Waterfall
BTB Real Estate Investment Trust
Revenue
|
127.8m
CAD
|
Cost of Revenue
|
-23.9m
CAD
|
Gross Profit
|
103.9m
CAD
|
Operating Expenses
|
-28.6m
CAD
|
Operating Income
|
75.4m
CAD
|
Other Expenses
|
-38.8m
CAD
|
Net Income
|
36.6m
CAD
|
Income Statement
BTB Real Estate Investment Trust
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
63
N/A
|
64
+1%
|
65
+1%
|
66
+2%
|
67
+2%
|
69
+3%
|
70
+2%
|
72
+2%
|
73
+1%
|
73
+0%
|
74
+1%
|
74
+0%
|
74
0%
|
74
+1%
|
74
+0%
|
74
0%
|
76
+3%
|
78
+3%
|
81
+3%
|
86
+6%
|
87
+2%
|
88
+0%
|
89
+2%
|
90
+1%
|
94
+4%
|
96
+2%
|
96
+1%
|
96
0%
|
93
-3%
|
93
0%
|
96
+3%
|
96
+0%
|
100
+5%
|
106
+6%
|
109
+3%
|
115
+5%
|
119
+4%
|
123
+3%
|
126
+2%
|
127
+1%
|
128
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(20)
|
(20)
|
(20)
|
(20)
|
(12)
|
(14)
|
(15)
|
(16)
|
(18)
|
(19)
|
(19)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(21)
|
(20)
|
(21)
|
(21)
|
(19)
|
(20)
|
(20)
|
(20)
|
(21)
|
(22)
|
(22)
|
(22)
|
(23)
|
(23)
|
(24)
|
(25)
|
(24)
|
|
Gross Profit |
46
N/A
|
46
+1%
|
47
+1%
|
48
+2%
|
49
+3%
|
50
+3%
|
52
+3%
|
53
+3%
|
53
-1%
|
53
+0%
|
54
+1%
|
54
+0%
|
62
+15%
|
61
-2%
|
59
-2%
|
58
-3%
|
58
0%
|
60
+4%
|
62
+3%
|
66
+7%
|
68
+3%
|
68
0%
|
69
+2%
|
70
+1%
|
73
+5%
|
75
+3%
|
76
+0%
|
76
0%
|
74
-3%
|
73
-1%
|
76
+4%
|
76
+0%
|
79
+4%
|
84
+6%
|
87
+4%
|
92
+6%
|
97
+5%
|
100
+3%
|
102
+2%
|
103
+0%
|
104
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(20)
|
(19)
|
(19)
|
(18)
|
(17)
|
(18)
|
(18)
|
(20)
|
(20)
|
(20)
|
(21)
|
(21)
|
(22)
|
(23)
|
(23)
|
(23)
|
(22)
|
(22)
|
(22)
|
(22)
|
(23)
|
(24)
|
(25)
|
(26)
|
(26)
|
(27)
|
(27)
|
(28)
|
(29)
|
|
Selling, General & Administrative |
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(20)
|
(19)
|
(19)
|
(18)
|
(17)
|
(18)
|
(19)
|
(20)
|
(20)
|
(20)
|
(21)
|
(21)
|
(22)
|
(23)
|
(23)
|
(23)
|
(22)
|
(22)
|
(22)
|
(22)
|
(23)
|
(24)
|
(25)
|
(26)
|
(26)
|
(27)
|
(27)
|
(28)
|
(29)
|
|
Operating Income |
35
N/A
|
37
+4%
|
36
-1%
|
37
+2%
|
38
+3%
|
39
+3%
|
40
+2%
|
41
+3%
|
41
+0%
|
41
-1%
|
42
+1%
|
41
0%
|
42
+0%
|
41
-1%
|
41
-1%
|
40
-2%
|
40
+1%
|
42
+4%
|
43
+3%
|
46
+8%
|
48
+2%
|
47
-1%
|
48
+2%
|
48
+0%
|
51
+5%
|
53
+3%
|
53
+0%
|
53
0%
|
51
-3%
|
51
-1%
|
54
+6%
|
54
+0%
|
56
+4%
|
60
+6%
|
62
+4%
|
67
+7%
|
70
+6%
|
73
+4%
|
75
+2%
|
75
+0%
|
75
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(22)
|
(20)
|
(18)
|
(16)
|
(19)
|
(21)
|
(22)
|
(24)
|
(23)
|
(23)
|
(23)
|
(23)
|
(21)
|
(21)
|
(20)
|
(18)
|
(19)
|
(18)
|
(19)
|
(20)
|
(1)
|
(4)
|
(6)
|
(6)
|
7
|
(2)
|
(6)
|
(5)
|
(41)
|
(33)
|
(28)
|
(25)
|
(8)
|
(7)
|
2
|
0
|
(24)
|
(25)
|
(34)
|
(30)
|
(31)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
5
|
3
|
4
|
1
|
(6)
|
(6)
|
(7)
|
(7)
|
(10)
|
(10)
|
(10)
|
(7)
|
2
|
2
|
2
|
(0)
|
7
|
7
|
7
|
7
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
|
Pre-Tax Income |
18
N/A
|
19
+4%
|
23
+19%
|
22
-3%
|
13
-42%
|
12
-5%
|
11
-13%
|
9
-12%
|
9
-8%
|
9
+2%
|
9
+3%
|
11
+19%
|
22
+104%
|
23
+2%
|
23
+2%
|
22
-5%
|
28
+29%
|
31
+9%
|
31
+1%
|
32
+5%
|
41
+27%
|
36
-13%
|
35
-4%
|
35
0%
|
52
+49%
|
45
-13%
|
40
-10%
|
41
+0%
|
3
-93%
|
11
+277%
|
19
+75%
|
22
+15%
|
42
+87%
|
46
+9%
|
57
+24%
|
60
+5%
|
38
-36%
|
41
+6%
|
33
-18%
|
37
+11%
|
37
0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
18
|
19
|
23
|
22
|
13
|
12
|
11
|
9
|
9
|
9
|
9
|
11
|
22
|
23
|
23
|
22
|
28
|
31
|
31
|
32
|
41
|
36
|
35
|
35
|
52
|
45
|
40
|
41
|
3
|
11
|
19
|
22
|
42
|
46
|
57
|
60
|
38
|
41
|
33
|
37
|
37
|
|
Net Income (Common) |
18
N/A
|
19
+4%
|
23
+19%
|
22
-3%
|
13
-42%
|
12
-5%
|
11
-13%
|
9
-12%
|
9
-8%
|
9
+2%
|
9
+3%
|
11
+19%
|
22
+104%
|
23
+2%
|
23
+2%
|
22
-5%
|
28
+29%
|
31
+9%
|
31
+1%
|
32
+5%
|
41
+27%
|
36
-13%
|
35
-4%
|
35
0%
|
52
+49%
|
45
-13%
|
40
-10%
|
41
+0%
|
3
-93%
|
11
+277%
|
19
+75%
|
22
+15%
|
42
+87%
|
46
+9%
|
57
+24%
|
60
+5%
|
38
-36%
|
41
+6%
|
33
-18%
|
37
+11%
|
37
0%
|
|
EPS (Diluted) |
0.64
N/A
|
0.69
+8%
|
0.77
+12%
|
0.64
-17%
|
0.41
-36%
|
0.35
-15%
|
0.32
-9%
|
0.28
-13%
|
0.25
-11%
|
0.26
+4%
|
0.26
N/A
|
0.28
+8%
|
0.57
+104%
|
0.54
-5%
|
0.53
-2%
|
0.5
-6%
|
0.65
+30%
|
0.63
-3%
|
0.62
-2%
|
0.58
-6%
|
0.79
+36%
|
0.66
-16%
|
0.63
-5%
|
0.56
-11%
|
0.88
+57%
|
0.73
-17%
|
0.65
-11%
|
0.65
N/A
|
0.05
-92%
|
0.17
+240%
|
0.26
+53%
|
0.31
+19%
|
0.58
+87%
|
0.58
N/A
|
0.66
+14%
|
0.69
+5%
|
0.46
-33%
|
0.47
+2%
|
0.39
-17%
|
0.42
+8%
|
0.42
N/A
|