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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Comment by BlueJay2020on Nov 03, 2023 8:15pm

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Post# 35716888

RE:RE:RE:RE:Added on the pullback today

Yeah, these yield levels can provide serious cashflow! And I would argue that the risk/reward is very good. Heck, the "ultra-safe" BCE was down 25% from its 52W high at one point, and at the high the dividend was under 6%. TNT is offering around triple that, and to quite a degree that is based on the ramblings of a nutcase analyst spooking investors.

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