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 > 19.1 MILLION NET PROCEEDS

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Comment by matt2018on Apr 20, 2024 7:41pm

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Post# 35999834

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:19.1 MILLION NET PROCEEDS

due to this buyback strategy, the many retail investors who mostly support Reits wont buy this one.
The main reason investors buy Reits is for the monthly income/distribution.
So I dont see this one going up much until the distribution is reinstated.
That is great for the buybacks. Buy alot more for less.
NAV keeps going higher everyday those buyback shares get taken out.
Personally I would prefer they keep the buybacks going into Q3 till they max out the renewed NCIB at 1.3M more shares.
Also, keep marketing the smaller non-core properties for sale.
Goal should be to get the mortgage debt to book value down to 50%.

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