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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 is primarily focused on creating value for unitholders through the investment in and ownership of commercial properties in Canada. 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 owns and operates a portfolio of about 40 properties consisting of approximately 4.6 million square feet in urban and select strategic secondary markets across Canada focusing on long-term leases with government and credit-rated tenants. Its properties include 36 and 38 Solutions Drive, 500 Beaverbrook Court, 61 Bill Leathem Drive, 675 Cochrane Drive, and 1112 Fort Street, among others.


TSX:TNT.UN - Post by User

True North Commercial REIT > Why pay full price? Buy when on sale!
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Post by pierrelebelon Mar 23, 2023 4:49pm
412 Views
Post# 35357334

Why pay full price? Buy when on sale!

Why pay full price? Buy when on sale!
Management of TNT.UN cut the monthly distribution by 50% and the units are down in price by about 40%.

Their value has not changed because the distribution is reduced. Only the price the units are trading at has changed. The value is still there.

So today I took an initial position and purchased 4,300 units on sale with a yield of 9%,

It may take a year or two for the price to recover.  So what?  I am getting 9% while waiting,

Patience will be rewarded.
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