Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
SLAM DRILLS MORE COPPER MINERALIZATION AT GOODWIN (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > Market Reality
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(707)
•••
Comment by EstevanOutsideron Nov 13, 2023 12:10pm
135 Views
Post# 35732129

RE:RE:RE:Market Reality

RE:RE:RE:Market RealityCould be, but their results reflected their comments to me and others. Financing up to Q3 was down at 6%, you don't get those kind of rates if the banks do not want to deal with you. The National Bank report by lazy analyst Kornack will be disproven tonight in my view. So we'll see.

CEO & trustee both spent over $1 million on units at over double the current trading price. I get both those guys are rich out of their mind but still a nice statement of confidence in the REIT.

Overall, having analyzed their properties, I have a high level in confidence in their valuation here. They have very strong properties mostly in very good areas (near highway 407, 401) in Toronto which are likely trading below what they could be sold for conversion plays.

Implied value of TNT entire portfolio is around $200 per square foot, that's ridiciulous for the quality of properties they have.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities