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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 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, 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 owns and operates a portfolio of about 40 properties consisting of approximately 4.6 million square feet in urban and select strategic secondary markets across Canada focusing on long-term leases with government and credit-rated tenants. Its properties include 36 and 38 Solutions Drive, 500 Beaverbrook Court, 61 Bill Leathem Drive, 675 Cochrane Drive, and 1112 Fort Street, among others.


TSX:TNT.UN - Post by User

True North Commercial REIT > Buyback tempo
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Post by luscar99on May 27, 2024 11:57am
109 Views
Post# 36058944

Buyback tempo

Buyback tempoIt's quite obvious they are limiting the buybacks to about 4000 units daily.

That's a great idea as it would limit the average buyback price and make the NCIB last an entire year.

I believe the rest of the AFFO will go towards debt reduction until the end of year, and likely the first quarter in 2025.



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