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.

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True North Commercial REIT > More than 100% payout ratio

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Comment by anthony3on Feb 07, 2021 5:53pm

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Post# 32497029

RE:RE:RE:RE:RE:More than 100% payout ratio

yggdrasill wrote: The ability to pay the dividend does not depend on the share price. However TNT generates $23M per quarter of Free Cash Flow, while the dividends costs them almost $17M per quarter. So they can float the dividend no problem. They are sitting on $32M in cash, and their properties are top notch.

pandsca wrote:

ariesleaf wrote: Is a dividend cut coming.?

Not that I'm aware of.
When the stock was below $5, there was no hint of a Div cut, so I expect with the SP on a slow (fairly steady) rise again, there probably won't be in the near future.