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 > Drip

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Post by giovincoon Oct 19, 2023 12:44pm

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Post# 35691143

Drip

I am on drip through my brokerage and happy getting bunch of cheap shares every month.
This stock was trading at 6 less than 8 months ago, nothing changed other than the dividend cut.
Hopefully the dividend could get reinstated back to its pre-level once the interest rate goes down next year. Getting like 10k instead of 20k lol
If the management could somehow get the payout ratio down to less than 50% and reinstate the dividend back by next year, everyone would be happy LOL

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