Bullboard - Stock Discussion Forum 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 is primarily focused on creating value for unitholders through the investment in and ownership of commercial properties in Canada. The REIT’s primary objective is to maximize total returns to its unitholders. Its returns include a stable, reliable... see more

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TSX:TNT.UN - Post Discussion

True North Commercial REIT > Bankruptcy?

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Post by SIGG1 on Sep 28, 2023 9:38am

Bankruptcy?

could it happen? could the stock go to zero?

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Comment by wheeloffortune on Sep 28, 2023 10:04am

You're dumb.

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Comment by SIGG1 on Sep 28, 2023 10:20am

the stock lost $5/share already, you think it can't lose another $2?

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Comment by wheeloffortune on Sep 28, 2023 10:34am

No. They have a 93% occupancy rate and lots of equity.

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Comment by pandsca on Sep 28, 2023 1:18pm

Yes! Any stock can go to ZERO, so you better sell all yours rhigt this minute and recuse the pennies you have left now! Quick SIIG1 get out while you can! ... and don't come back!

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Comment by flamingogold on Sep 28, 2023 5:44pm

March and Sept almost always suck. The pros know how to force capitulation and looks like you just did. Just invest in money market and get 4.5% or +5 GICs. Stocks are not for you.

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Comment by EstevanOutsider on Sep 29, 2023 12:00am

Annual NOI aprox. $74,000,000 Annual dstribution $27,600,000 Annual interest: $30,900,000 Annual interest at 5% $40,000,000 Annual interest at 6.05% $48,440,000 Even if interest goes to 5% over time they can still cover that off today's outlook. If fundamentals improve a bit even better. There is no case for bankruptcy. A further distribution cut is possible if the entire REIT debt goes to ...more

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True North Commercial REIT