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 21, 2024 3:39pm

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Post# 36000345

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

I am quoting real numbers.
Actual numbers from the recent asset sales, mortgage debt balance, etc.
Your quote on the estimated NAV per share is based on what exactly?
What some banker (whom you admitted has not even looked at TNT), might think it's worth?
Frivolous nonsense.

luscar99 wrote: I know TD's estimates "make little sense". That's why the investment world is so lucky to have you.

And I'm pretty sure you have solid proof for the assertion "Reits have already written down values to reflect current market conditions."

TNT had to make fair value adjustments of $42 million in 2022 and $75 million in 2023.
That's surely proof we could always rely on their assessment of value.