Mr. Michel Leonard reports

BTB REIT PUBLISHES ITS THIRD ANNUAL ESG REPORT

BTB Real Estate Investment Trust has released its third environmental, social and governance (ESG) report, highlighting its initiatives and progress achieved throughout 2025.

"Our latest ESG report reflects BTB's continued commitment to integrating sustainability, responsibility and long-term value creation into our business. In 2025, we strengthened our environmental data collection, expanded sustainability certifications across our portfolio, and continued fostering an engaging and inclusive workplace for our employees and communities. These achievements demonstrate our determination to build resilient, high performing environments while continuing to advance our ESG priorities for the benefit of all our stakeholders," says Michel Leonard, president and chief executive officer of BTB.

2025 ESG report highlights:

• 13 additional properties received BOMA Best certification;
• 80 per cent of BTB's portfolio is tracked in Energy Star portfolio manager for energy consumption;
• 46 performance audits were conducted across the portfolio, covering water, energy, air quality and waste management;
• BTB recorded a 75-per-cent increase in its GRESB "management" score compared with 2024.

The publication of this report marks another step in BTB's continuing ESG journey, as the REIT continues to advance its ESG practices through a disciplined and pragmatic approach aligned with its business objectives.

The full report is available on the REIT's website.

About BTB Real Estate Investment Trust

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB invests in industrial, suburban office and necessity-based retail properties across Canada for the benefit of their investors. As of today, BTB owns and manages 74 properties, representing a total leasable area of approximately 6.0 million square feet.

People and their stories are at the heart of the REIT's success.