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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Post by Konaboyon Sep 06, 2022 6:11pm

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Post# 34945128

Cumberland St Ottawa

A good buy I would say. Lots of chatter about the Gov decreasing footprint, and it is the direction, the question is how much and when.

Let's just say the whole DND consolidation is not going swimmingly well, so really hard to say if/when they will consolidate on Moodie.

And it's not like they can just dump owned properties at leisure aither ... there are massive political processes around what constituencies GET new facilities/footprint ... the new conversation is going to be about who LOSES them.

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