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SLAM DRILLS MORE COPPER MINERALIZATION AT GOODWIN (click to learn more)
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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’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 > $1.32
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Comment by EstevanOutsideron Oct 31, 2023 3:05pm
120 Views
Post# 35709804

RE:$1.32

RE:$1.32The entire portfolio is now below $200 per square foot and most of their square footage is in good areas, including a good chunk in british columbia (vancouver/victoria) where current rates are around $450 psf. Their lower quality properties were picked up on the cheap and they did alot of equity issuance so shouldn't have any trouble paying off debt with asset sales at this price.

Drimmer was quick to list 3650 victoria when TD vacated this year ahead of schedule, giving him time to monnetize an asset and improve the occupancy of the REIT by adding more liquidity.

This one and Dream Office incredibly tempt me. I was early on both, more so this one but open to adding if we hear more from management confirming everything is going smoothly albeit a challenging enviornment, for now.

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