True North Commercial REIT T.TNT.UN

Alternate Symbol(s): TUERF

True North Commercial Real Estate Investment Trust (the REIT) is a Canada-based unincorporated, open-ended real estate investment trust. The REIT’s primary objective is to maximize total returns to its unitholders. Its returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. The REIT is focused on creating value for unitholders through the investment in and ownership of commercial properties in Canada. The REIT owns and operates a portfolio of approximately 44 properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada. Its properties include 9200 Glenlyon Parkway; 36 and 38 Solutions Drive; 1595 16th Avenue; 855 8th Avenue SW; 5775 Yonge Street; 6 Staples Avenue; 845 Prospect Street, and 551 King Street.

TSX:TNT.UN - Post by User

True North Commercial REIT > No distribution until .........

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Comment by luscar99on May 08, 2024 11:18am

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Post# 36028969

RE:No distribution until .........

I expect the distribution will be further postponed.
At this time the FCF could be put to better use towards buybacks and debt reduction.

I don't think a distribution is in the cards as long as the stock price remains under $14, substantial debt reduction has not been achieved and they don't have better clarity on the mortgage renewal costs.

And I don't see all those conditions being met before Q2/2025.

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A junior copper-gold stock trading at a bargain of monumental proportions