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 > Dividend cut coming ?

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Comment by JocetooBadon Dec 19, 2022 2:46pm

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Post# 35180366

RE:RE:Dividend cut coming ?

This is true as a snapshot of Q3 2022, but looking at 2022 YTD the income is $43M, compared to distributions of $41M. The payout ratio is still under 100% overall and to me it doesn't look like an urgent divident cut is needed. It'll depend how long the higher interest rates will last in my view. The stock has already been beat as if a dividend cut had occurred.

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