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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

Bullboard (TSX:TNT.UN)

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Post by Jkcocoon Aug 20, 2024 9:30am

CPI and CEO Drinmer continues to buy

Canada cpi 2.5%. Lowest since March 2021. Seems like Canada is on its way to keep cutting interest rates. Drimmer bought 5 days in a row last week and he bought 1100 shares yesterday (Monday).  ...more  
Post by Jkcocoon Aug 13, 2024 11:07pm

Drimmer buying again

In the last two days, he's bought 1200 shares each day. When CEOs sell shares, it could be for any reason. But when a ceo buys shares, there is only one reason - he thinks it will go up. 
Comment by wheeloffortuneon Aug 13, 2024 9:37am

RE:RE:RE:RE:RE:Distribution cut

To correct you, Operating Income in 2022 was $80.5m (not $16.5m) and NET Income was $16.5m.  Big difference.  But, here's something really positive about Net Income for TNT.  ...more  
Post by EstevanOutsideron Aug 09, 2024 11:15pm

Nova Scotia ends work from home

Very good for TNT properties https://www.cbc.ca/news/canada/nova-scotia/public-service-staff-public-servants-non-union-employees-houston-government-1.7288961?__vfz=medium%3Dsharebar
Comment by matt2018on Aug 09, 2024 12:57pm

RE:RE:Quit being so focused on the distribution

likely waiting to see if there are further rate cuts before renewing. Also, by not reinstating a distribution,balance sheet and cash flow projections look alot better to the banks when negotiating ...more  
Comment by lancebryanton Aug 09, 2024 12:43pm

RE:RE:Quit being so focused on the distribution

god no, they will just renew the mortgages and are well within covenant range.
Comment by gold_diggers1on Aug 09, 2024 12:00pm

RE:Quit being so focused on the distribution

"They have a massive repayment of debt coming in October. " Is that why TNT.UN is languishing here?  Will it end up like SOT.UN as people speculating? GLTA
Post by lancebryanton Aug 09, 2024 11:11am

Quit being so focused on the distribution

I find it so remarkable how you folks think the company is going bankrupt with significant positive FCF and no distribution payments. Additionally; many of you are concerned the distribution may ...more  
Comment by matt2018on Aug 08, 2024 3:09pm

RE:RE:RE:RE:RE:RE:Distribution cut

thanks Holden, appreciate it. The buybacks only really seen serious buys last 3 qtrs. But they do seem like they have slowed down recently. Perhaps think about an SIB and take out 500k units in one ...more  
Comment by Holden22on Aug 08, 2024 1:18pm

RE:RE:RE:RE:RE:Distribution cut

I'm using the Koyfin platform and in the summarized quarterly cashflow statements it lists the following under the line item Repurchase of Common Stock: Q2 2023 - $0.3 m  Q3 2023 - $0.2 m Q4 ...more  
Comment by matt2018on Aug 08, 2024 12:26pm

RE:RE:RE:RE:Distribution cut

Not following..... as per 2nd qtr report, YTD - 2024 total of 1,135,646 units were purchased for $10.4M. Thats just for the first 6 months of this year. Where do you get the $13.7M that span 14 months ...more  
Comment by Holden22on Aug 08, 2024 12:22pm

RE:RE:RE:RE:RE:Distribution cut

no argument with you on the math. you are right, it was required. I can see the long term value they are building but keep in mind this is a reit, a vehicle made for stable income distribution, as ...more  
Comment by pierrelebelon Aug 08, 2024 11:01am

RE:RE:RE:RE:Distribution cut

Holden22 wrote "... regular dividends was 2022 and $48.6 m was paid in common dividends...." And that is the source of the problem.. Operating income for 2022 was $16.23 million - that is  ...more  
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