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, 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

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Comment by TheCapitaliston Jul 01, 2016 8:26pm

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Post# 25016268

RE:RE:RE:RE:RE:RE:FYI

ewoks16 wrote: Increased FFO by 8% but FFO/unit same. affo/unit same. 97% payout and 60% debt. High yield. High risk. Read the numbers correctly.

60% debt for a REIT is fairly average. REIT's typically maintain their debt to equity at about 50-60%. Payout ratios are typically in the high 80's to low 90's, so I can agree that it's a bit above average, but nothing to be sketched out about. Especially given that they have superb tenants and a very high occupancy.

You can't value REIT's the same as you would a regular stock. They're apples to oranges.

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