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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 matt2018on Feb 24, 2024 8:04pm
74 Views
Post# 35897549

RE:RE:SMOKE SHOW

RE:RE:SMOKE SHOWwow, thats a huge book value hit.  Are you sure about that?
What would it take for this company to ever be valued at over $30.00 share?
It may be in his best interest to reinstitute the distribution to recoup some of this.
Dont believe interest rates are going as low as they were,even when they do start cutting.
It will be a cautious approach with an eye on inflation numbers not creeping back up.
Some asset sales would really help but not easy to find buyers with these rates.
Everybody in the same position, waiting for rate cuts.to make deals work.

Jkcoco wrote: Drimmer wouldn't want anyone to buyout this company. He has lost over $30 million dollars already. He would have to find a buyer who would buy the company at over $30 share price for him to recoup his losses. It's in his best interest to do everything to increase share price so regain his losses.


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