True North Commercial REIT T.TNT.UN

Thinking of Buying. What's the dividend payout frequency?

[happyrat]

Title says it all.

[Select55]

LOL  thats supposed to be a serious question ?? this your first go at reits?  my god man eveyone knows reits pay mid month once a month

[happyrat]

I own a few REITs that pay quarterly.  Wanted to know how long to stick with it if things go sour. Secondly, Payout ratio is over 2X earnings at this price. The good times ain't gonna last. The way things are going in Ontario, at these prices they are paying you with your own money. I don't foresee any income coming in at appropriate levels until next year. I'll take a pass.&

[pandsca]

I expect you have not noticed TNT has 97+% monthly payments every month and htey have locked in large companies and Gov for years? I wouldn't worry about this RIET one tiny bit. I've been holding for years and love this RIET. Best of them all and I can't remember once ever being concerned about them cutting divs or going chapter 8. TNT is solid.

[TheCapitalist]

Same here. I've been holding this REIT since 2015 or 2016. It's been an exceptionally strong performer with consistent payouts. The share price has made a good recovery since the pandemic began, and the structure of the reit has held up well. Not at all worried and will continue to hold this gold mine.

[happyrat]

Up until this year I wasd doing quite nicely with BPY.UN but now Brookfield is buying them up outright.  I'm looking for a new home for that money. Never assume that the dividends are carved in stone. Anyway, we'll find out tomorrow what the financial state of TNT.UN is when they report on the first quarter of the year. A 2.4 Payout to Earnings Ratio is simply NOT sustainable

[Select55]

  your out of your mind is all I can say ;;

[pandsca]

I totally agree with you that you should not engage in this stock. You really should go buy other stocks and REITs elswhere since those ones are clearly a better fit for you. I'd even go so far as to leave this group since you are so sure this stock is a problem for you. Why should you hang out here when this stock is clearly not the right fit for you? Enjoy buying other stocks

[TheCapitalist]

Well said. I've put him on ignore.  I've been a shareholder since 2015-2016. TNT has produced steady, consistent and predictable fundamentals. They haven't lowered their distribution once. I'll be continuing to hold this gold mine for years to come.

[pandsca]

I've also been holding since 2015. It's been a wonderful experience and this is literally the only stock I've ever owned that I'm never concerned about.

[TheCapitalist]

Nice! Yeah same here. I periodically check some key metrics but it's a very low maintenance holding for me. I've also been holding PRV.UN for the same amount of time and I'm quite happy with their performance as well. They reduced their distribution at the beginning of the pandemic as a precaution, but their fundamentals are on point.

[my2pennies]

Happyrat, this is a joke...right???? You're seriously not using EPS instead of AFFO to determine if a REIT distribution is sustainabe, are you?