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.

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True North Commercial REIT > Market Reality

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Comment by lebouclieron Nov 13, 2023 12:48pm

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Post# 35732246

RE:RE:RE:RE:Market Reality

In order for there to be a dividend cut in today's report, there would have to have been a significant degradation of the REITs ability to maintain its operating revenues over the past quarter. I just do not see this happening in the current market environment even with all the additional risks. The drop in price is due to an over-correction of negative investor sentiment attributed to the yield, and less to do with reality. Investors are spooked by the high yield, but this could be a self-fulfulling prophecy that leads to further value degradation (worst case scenario of this going private at an insultingly low price).

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