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

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Comment by mjh9413on Sep 12, 2019 9:09am

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Post# 30119243

RE:In @$6.60

I said I wud get out once it got to $6.80+ as assumed new equity raise wud follow, but I didn't. Maybe wish I had! But TNT simply need to earn/save interest on the net proceeds at 1% APR in order to meet unit distribution on the new units even if no near term closing on new properties> JMO Be interested to see what capex rate they get on any acqun and how the debt to GBV and aver debt int rate will change. Assume both will GO UP (as will fee payments to Drimmer's team!) but trustint rate won't be too much under current interest rate scenario.

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