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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True North Commercial REIT > SMOKE SHOW

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Post by garyreins on Feb 22, 2024 3:57pm

SMOKE SHOW

Old dividend would be like 20% right now with a 80% payout ratio. Wild stuff man. If this cash flow is legtimate how is Drimmer not getting some interested parties to buy this out

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Comment by Jkcoco on Feb 23, 2024 5:31pm

Drimmer wouldn't want anyone to buyout this company. He has lost over $30 million dollars already. He would have to find a buyer who would buy the company at over $30 share price for him to recoup his losses. It's in his best interest to do everything to increase share price so regain his losses.

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Comment by matt2018 on Feb 24, 2024 8:04pm

wow, thats a huge book value hit. Are you sure about that? What would it take for this company to ever be valued at over $30.00 share? It may be in his best interest to reinstitute the distribution to recoup some of this. Dont believe interest rates are going as low as they were,even when they do start cutting. It will be a cautious approach with an eye on inflation numbers not creeping back ...more

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True North Commercial REIT