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 > Collliers Q1 Canada office report

<< Previous

Bullboard Posts

Next >>

Comment by flamingogoldon Apr 15, 2024 4:48pm

47 Views

Post# 35990299

RE:RE:Collliers Q1 Canada office report

As long as we clear tomorrow's inflation report with straight A's then June will be the month for the first cut by the BoC (not in the US).

cooper90 wrote: Thanks EstevanOutsider!

This is way oversold after consolidating nicely at the $9 range for months. I purchased another 2000 x units at $8.48 today. This is a long term hold as cuts are coming in Canada starting in June and there will be consecutive cuts in 2024 IMO!

The distribution will also be reinstated soon and this will provide a nice floor I just hope they reinstate when the time comes at a reasonable rate in the 8% range to start.

Cheers,
Cooper