True North Commercial REIT T.TNT.UN

Alternate Symbol(s): TUERF

Real Estate REIT - Diversified

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 > excellent earnings

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Comment by mjh9413on May 06, 2022 1:59am

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Post# 34661170

RE:RE:excellent earnings

True but property space re-rented between 2H 2022 and dates in 2023 and 94% rate is real for qtr even if adjusted by fees. They also issued TM shares at $7.34 each and DRIP share payments at $7.09 in qtr (so 12e reveals). Also Unit options are curtailed but those outstanding are just about in the money for potential (~$3MM) cash influx. Better than I expected and with Drimmer at helm full time I'd say things will be steadied to !00% or less payout ratio rather than go other way.

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