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 > To recap

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Comment by flamingogoldon Apr 16, 2024 11:19am

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Post# 35991563

RE:To recap

Smart thinking and I think they will follow through on it.

luscar99 wrote: As long as the stock trades under the most dire estimate of NAV ($14) I want the entire cash flow to go towards buybacks and debt reduction.

And in order for the buybacks to be executed at the lowest possible price I'd like the management to give the quarterly reports an ugly bias and downplay the possibility of bringing back a distribution.

So far so good.