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 > Buybacks vs distributions

<< Previous

Bullboard Posts

Next >>

Comment by BlueJay2020on Jan 29, 2024 7:57pm

67 Views

Post# 35851693

RE:Buybacks vs distributions

Hmmm...not totally convinced by that argument. There are, of course, stocks which are inherently low volume where trading is thin, but this isn't one of them. It's a retail stock that is well known. I think it is unlikely (although possible) that by June there will be an absence of sellers and buyers. If there is no catalyst event to shoot the SP up, there will be many (and I might be one of them!) who decide to call it a day and put their money somewhere they feel is more productive.

Of course, any extension will have to be within the proscribed limits for use of funds by a REIT on an annual basis.

<< Previous

Bullboard Posts

Next >>

Pharmaceuticals Co. grows global reach to meet unique medical need