BTB Announces its Distribution for the Month of May 2021

MONTRÉAL, May 3, 2021

ABOUT BTB

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. As at May 3^rd, 2021 BTB owns 64 retail, office, and industrial properties for a total leasable area of approximately 5.3 million square feet. As of December 31^st, 2020, BTB's approximate total asset value is approximately $927M.

BTB'S OBJECTIVES

1. Generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders;
2. Grow the Trust's assets through internal growth and accretive acquisitions in order to increase distributable income and therefore refund distributions;
3. Optimize the value of its assets through the dynamic management of its properties in order to maximize the long-term value of its properties and therefore, its units.

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 at a price based on the weighted average price for BTB's Units on the Toronto Stock Exchange for the five trading days immediately preceding the distribution date, discounted by 3%.

For more detailed information, visit BTB's website at www.btbreit.com.

SOURCE BTB Real Estate Investment Trust