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 flamingogoldon Mar 07, 2024 8:17am

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Post# 35919955

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

I agree with this. I know we all want that monthly income stream, that's why we invested in the first place in this instrument. But, unfortunately, market forces are still against us.

I believe management chose the 6 month NCIB repurchase plan based on a BoC rate chop this Spring. It didn't happen yesterday and the chances are slim for April. Until that first rate drop I think it's best to stay the course and continue buying back as many shares at these depressed prices for as long as possible. In the end, the reward will be greater as we come out much stronger on the other side.

EstevanOutsider wrote: 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.