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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 27, 2024 11:18am
80 Views
Post# 36010933

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Yesterday...Insults aside, I'm also an early retiree and I sympathize with you.

My point still stands. IMO, at this time the best use of FCF would be to slow down the buybacks (to a much lower portion of the trading volume) and allocate it to reduce the debt. 

The difference between our opinions comes probably from these factors:
- I probably have a longer term view
- I believe the interest rates will stay high for much longer and will likely go even higher
- I rely on pref.shares dividends, bonds and debentures for my retirement income, very little on REITS distributions and dividends from common shares.

I have no problem with a much lower share price for the net year or so- in fact I prefer it as it would lower the buyback cost- in exchange for higher distributions later.
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