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 > Maybe Inovalis is using the right approach

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Comment by giovincoon Mar 29, 2024 8:44am

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Post# 35959920

RE:Maybe Inovalis is using the right approach

Yes, paying off debt is a good thing.
But, tnt is stating that their implied cost of a share is 17 to 20%.
So if you use wacc then buying back share, versus 6% or so interest rate, is the right thing to do. i.e. 19% >> 6% or even at 3x
This is true if and only if they reinstate the dividend at the previous level before the cut, so I'd assume they'll pay me my dividend in Q3-24 going forward. I need my money for electricity and food LOL seriously though.
Otherwise, a law firm should come in and sue the company management on my behalf for the misrepresentation.

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