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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

Comment by pandscaon Feb 12, 2021 2:00pm
237 Views
Post# 32554302

RE:Wow!! 9.37% Dividend Monthly Payout!

RE:Wow!! 9.37% Dividend Monthly Payout!

Yup, it's safe and pays monthly at that.

I've had this stock for years. After collecting Divs for 5 years, I had sold everything for $8.15 just before the March melt-down last year. I then got lucky picking up a tonne around $4 last March.

I've been adding more since and have never had any regrets.
It's not just a great stock as yo umention, the company has great solid and promptly paying clients (gov, banks, big orgs).

With the COVID crisis and the return to office work in the future becomming less prevelant, I don't expect them to reahc the $8 mark for a very long time, but until then, the divs are well worth holding this for a long time to come.

Finally, they have nver once cut their div in teh time I've owned, nor does it look lik ethey will in the near future.

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