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.

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True North Commercial REIT > Funds for buying on the NCIB should run out soon

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Comment by EstevanOutsideron Mar 16, 2024 6:43pm

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Post# 35936847

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

These are the properties they are known to be selling:

251 arvin street hamilton $2.7 million $395 psf

3650 victoria park north york $38 million $251 psf

1161 CRAWFORD DR peterborough $9.25 million $284 psf

Considering the implied trading value of TNT is around $200 psf, any of these sales would be highly accretive!

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A junior copper-gold stock trading at a bargain of monumental proportions