Bullboard - Stock Discussion Forum True North Commercial REIT T.TNT.UN

Alternate Symbol(s): TUERF

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... see more

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Comment by BlueJay2020on Aug 07, 2024 12:29pm

RE:RE:RE:RE:RE:RE:RE:RE:No distribution!

Good decision. A massive drop was never on the cards based on those results and continuation of the buyback strategy. The vast, vast majority of dividend seekers have long gone by now so ...more

Discussion

Comment by Jkcocoon Aug 07, 2024 11:40am

RE:RE:Daniel Drimmer Cook The Crook

He as zero incentive to take it private, unless he could sell the company for $35+ per share. If someone is willing to do that, that would benefit all of us anyways.

Discussion

Comment by pierrelebelon Aug 07, 2024 10:05am

RE:RE:Daniel Drimmer Cook The Crook

"... The crook probably wants to keep the money for the company so that he could take it private and get all the money...." This is a very sad commentary on how some investors/traders ...more

Discussion

Comment by giovincoon Aug 07, 2024 5:11am

RE:Daniel Drimmer Cook The Crook

Crazy. The crook probably wants to keep the money for the company so that he could take it private and get all the money. This is not how reits work. I want to see active investor fund trying to take ...more

Discussion

Comment by BlueJay2020on Aug 06, 2024 10:07pm

RE:RE:RE:RE:RE:RE:No distribution!

Impossible to predict unless you tell me whether you are going to sell half your shares or all 50 of them.

Discussion

Comment by Jkcocoon Aug 06, 2024 7:09pm

RE:RE:RE:RE:No distribution!

I'm saying if you were to buy at the current price, and hold until they reinstate the dividend, you would get over 20% return from your initial purchase. of course the market would look ...more

Discussion

Comment by Jkcocoon Aug 06, 2024 7:07pm

RE:RE:RE:No distribution!

They paid $1.71 dividend prior to cutting entirely. Why is it not possible they reinstate the same amount again?

Discussion

Comment by BlueJay2020on Aug 06, 2024 6:26pm

RE:RE:RE:No distribution!

You happen to be right on this occasion. They would never pay out at a 20% rate because the SP would rocket immediately and cut the effective yield dramatically. We're only talking about 20 ...more

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Discussion

Comment by BlueJay2020on Aug 06, 2024 6:23pm

RE:RE:No distribution!

Annualized AFFO per share will continue to grow for the final 2 quarters as a) more shares are repurchased - at least up to Q3, but I suspect Q4 as well, depending on SP and b) previously purchased ...more

Discussion

Post by SIGG1on Aug 06, 2024 6:12pm

Daniel Drimmer Cook The Crook

Lies and more lies

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Discussion

Comment by Jkcocoon Aug 06, 2024 5:44pm

RE:No distribution!

Are you sure you don't want to wait? Their affo per share was really good. For full year it's over $2.5 per share. If they pay $2 dividend per share, that's over 20% dividend yield.

Discussion

Comment by ckwongon Aug 06, 2024 5:22pm

RE:RE:Will they or won't they?

Quoted from the quarterly result: The REIT intends to continue the significantly accretive purchase of Units under the 2024 NCIB until the release of the Q3-2024 results in November of 2024 at which ...more

Discussion