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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Bullboard (TSX:TNT.UN)

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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

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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

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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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Comment by Holden22on Aug 08, 2024 10:43am

RE:RE:RE:Distribution cut

The last full year of regular dividends was 2022 and $48.6 m was paid in common dividends. Under the 2023 NCIB $10.5 m was spent on share buy backs. The Q2 2024 figures suggest the YTD share purchases ...more

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Comment by impegaon Aug 08, 2024 12:10am

RE:RE:Distribution cut

Sigg if you don't mind can you show how you calculated 25% of the distribution cut is going to NCIB.

Discussion

Comment by SIGG1on Aug 07, 2024 10:20pm

RE:Distribution cut

they are spending about 25% of the cash of the distribution cut toward the NCIB... Another lie

Discussion

Post by impegaon Aug 07, 2024 9:29pm

Distribution cut

For those that aren't aware the distribution cut is to fund the NCIB not to compile cash for a privatized company.

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Post by garyreinson Aug 07, 2024 8:55pm

WHY ARE RATES SO HIGH?

inflation was a 2022 problem, almost 2025 and these central banks are still analzying this CPI number despite weakning employment and economic n umbers, seems absurd. rates should get back to ...more

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Comment by matt2018on Aug 07, 2024 7:11pm

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

I believe company on right track. Not many options really. As they renew their $750M mortgage debt over the next few years at higher rates (they just renewed $7.7M mortgage at 5%/5yrs on July 26 ...more

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Comment by Jkcocoon Aug 07, 2024 6:09pm

RE:Cook the Crook

Then sell and move on. Why cry about it?

Discussion

Post by SIGG1on Aug 07, 2024 5:55pm

Cook the Crook

can't be trusted. Just one lie after the other. Worst investment in my portfolio.

Discussion

Post by garyreinson Aug 07, 2024 4:18pm

GROUNDHOG DAY

Every month we feel like the tide may be turning with rates and the macro, only to continiously get smacked (and most other reits too, but not to this extent) Big bad inflation not going away ...more

Comment by BlueJay2020on Aug 07, 2024 3:29pm

RE:Guess I spoke ...

Really? What about all the other stocks turning red at the same time? :) Hint: today's drop is nothing to do with TNT's earnings, it's macro factors. Anyway, I am ...more

Discussion