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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

Comment by cooper90on Apr 16, 2024 1:35pm
88 Views
Post# 35991946

RE:To recap

RE:To recapIf they continue on buybacks through June (meaning through FYQ2) I believe once rate drops are announced by the BOC in June. We could see both an accelerated interest in buying, coupled by needed volume supported from the daily buybacks. 

IMO this could set the stage for a nice pop in June and go forward after a lengthy consolidation in around the $9-$9.30 range. Its possible if we look at the past technicals to hit $10.50 pretty quickly which is a 23% upside from todays price range 

This $10.50 would be a new floor and support a further breakout pretty quickly if funds interest in REITs overall move into the sector after the rate cut. This new buying interest and volume could drive TNT towards the $14 NAV. This would be a beginning of a long awaited repair in the price as long as positive continued earnings and further rate cuts. 

Regardless of the recent volatility (5x down days on the TSX) need to be fully invested so not to miss this initial momentum shift as no one can time the market.

All just my opinion, good luck TNT shareholders! 

Cooper 


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