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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 luscar99on Feb 27, 2024 12:48pm
75 Views
Post# 35901744

RE:RE:Sentiments

RE:RE:Sentiments Maybe I should have referred to their total compensation package. 
In a perfect world the management should give most of it back.

Because they did a very poor job and they just about ruined their long term shareholders.
And many of these shareholders are retirees. And these people not only relied on that income but they don't have a lot of time left to recover their capital losses. I know exactly how that feels and these people have the right to be irate.

That being said there are signs the management is atoning for the past mistakes.
I hope they are working hard on cutting costs and cutting debt. 
I like the fact they are giving frequent updates and the buyback info is promply filed.

And I would be encouraged if Drimmer and his associates would make further substantial purchases in their own accounts on the open market within the next couple of months.
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