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.

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True North Commercial REIT > NCIB and share price

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Comment by gold_diggers1on Jan 11, 2024 1:11am

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Post# 35820762

RE:NCIB and share price

SIGG1 wrote: As much as we would all like to make quick and easy money and see the share price go to $20 or $30 right away it is actually MUCH BETTER for the company and shareholders to buy the shares back at lower prices.
To be able to buy shares daily around $10 or even below this is a gift of TNT and all of us.
As long as they keep buying the maximum number of shares allowed I am not worried. Eventually it will pay off.

To Gold_diggers:
I don't know many CEOs who actually bought as many shares as DD did.
"Put his money where his mouth is" could apply to lots of CEOs out there but definitely not to DD.
And to say that the stock goes down because he's not buying to support the price is just non-sense.