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.

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True North Commercial REIT > ONLY REIT THAT DIDNT RALLY TODAY

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Comment by matt2018on Apr 07, 2024 9:25pm

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Post# 35976008

RE:ONLY REIT THAT DIDNT RALLY TODAY

Not following your logic.
if you are a mid to long term holder here (I am assuming you are as you post here often), waiting for the sector to turnaround (or this name specifically), then you must be on board with the buyback strategy that the company is pursuing.
They are going to be buying back shares till end of 2nd quarter before looking at reinstating the distribution.
Wouldnt it bode well for the company to buyback as many shares as possible for the lowest amount of cash possible?
The more shares they buyback, the higher the dist. will be for the remaining shares when they reinsittutue it.