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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 > Yesterday...
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Comment by luscar99on Apr 26, 2024 11:35am
68 Views
Post# 36009504

RE:RE:RE:RE:RE:RE:RE:RE:Yesterday...

RE:RE:RE:RE:RE:RE:RE:RE:Yesterday...I like this indication that some holders would be disappointed by a delay in distribution reinstatement.

That would make them likely sellers and counterparty to buybacks at lower prices.

Therefore it would be best for the company and long term shareholders to hold on the reinstatement of a distribution for as long as possible.
While allocating all FCF to debt reduction and buybacks.

And because the buybacks currently make up a such a large % of daily volume, currently the best way forward is prioritizing debt reduction.

Not to mention the distinct possibility that the rates will remain high (or go even higher) for much longer, thus making refinancing the debt much more expensive than estimated just a couple of months ago.



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