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 > Upcoming quarterly report opinions welcomed!

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Comment by EstevanOutsideron Mar 07, 2024 12:12am

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RE:RE:RE:RE:Upcoming quarterly report opinions welcomed!

i think they should keep going at buybacks for another full round (20% of units outstanding)

if they can sell that 3650 victoria park property they can re-instate a modst distribution.

this is an epic opportunity that will pay off handsomably in the end.

i also don't think tnt will trade back to NAV in current rate enviornment, particularly with such negativity on office. it was trading at/above nav before because of high distribution in a very low interest rate enviornemnt which made it more desireable.

if it can get back to $16-20 it would be a big win. i think it's doable within 1-2 years easily.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle