True North Commercial REIT TUERF

Primary Symbol: T.TNT.UN

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 > Funds for buying on the NCIB should run out soon

<< Previous

Bullboard Posts

Next >>

Comment by luscar99on Mar 14, 2024 10:03pm

58 Views

Post# 35934104

RE:Funds for buying on the NCIB should run out soon

Q3 AFFO was $10.1 million.
At $10 a share they could buy 1 million shares per quarter.
They could easily buy 15000 shares every trading day.

The NCIB was for 1.433 million units until April 17. At the current pace and if the trading volume allows they could probably get to around 1.1 million units.
They won't run out of money. They will run out of time. With money to spare.

<< Previous

Bullboard Posts

Next >>

Copper Fox Metals nears pre-feasibility stage at Schaft Creek