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 > Thinking of Buying. What's the dividend payout frequency?

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Comment by happyraton May 04, 2021 9:51am

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Post# 33122526

RE:RE:RE:RE:RE:Thinking of Buying. What's the dividend payout frequency?

Up until this year I wasd doing quite nicely with BPY.UN but now Brookfield is buying them up outright. I'm looking for a new home for that money.

Never assume that the dividends are carved in stone.

Anyway, we'll find out tomorrow what the financial state of TNT.UN is when they report on the first quarter of the year.

A 2.4 Payout to Earnings Ratio is simply NOT sustainable.

There WILL be a dividend cut at some point or else it becomes a Ponzi Scheme where the payouts are coming from Investors' money.

I'll buy after the other shoe has fallen, thanks. At this price polnt I'm finding it less and less appealing.

Gary ;)

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