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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

Comment by EstevanOutsideron Nov 12, 2023 7:16pm
136 Views
Post# 35731169

RE:Whose ready for the big day?

RE:Whose ready for the big day?i went thru every one of their properties and it looks strong on the re-leasing front. the one calgary tenant departed early which allowed for a quick re-leasing of most of its land. i don't see any other ads for near term expirations (2 years or less) likely indicating the ottawa expirations chose to renew.

if they don't renew it may be an advantage given the poor trading price. tnt's reit properties are mostly very desireable locations in areas likely easy to sell.

the calgary market was probably the toughest and they got it done very quickly.

the surprise for us will be on the distrtibution front. if they cut into tax loss selling it would be ridiculous, especially after our discussions privately with the cfo/vp who expressed confort with the payout.
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