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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 > Added on the pullback today
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Post by EstevanOutsideron Nov 03, 2023 10:17am
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Post# 35715654

Added on the pullback today

Added on the pullback todaynot rallying again with the space. Market expects a cut. My take on with management is they were shocked by the downgrade and felt the company is in good condition to endure current conditions. They were not telegraphing a cut again and are in good standing to endure the current interest rates. With a meaningful asset sale on the block of a vacant property, I see their fortunes improving and more likely to surprise to the upside then the downside.

next catalyst for TNT is not cutting the distribution and providing some reassurance which would likely result in meaningful shareprice appreciation, IMHO.


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