Bullboard - Stock Discussion Forum 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... see more

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True North Commercial REIT > To recap

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Post by luscar99 on Apr 16, 2024 10:26am

To recap

As long as the stock trades under the most dire estimate of NAV ($14) I want the entire cash flow to go towards buybacks and debt reduction.

And in order for the buybacks to be executed at the lowest possible price I'd like the management to give the quarterly reports an ugly bias and downplay the possibility of bringing back a distribution.

So far so good.

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Comment by flamingogold on Apr 16, 2024 11:19am

Smart thinking and I think they will follow through on it.

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Comment by cooper90 on Apr 16, 2024 1:35pm

If 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 ...more

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