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 > Over 600,000 units bought by insiders past two days

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Comment by flamingogoldon Apr 05, 2023 5:49pm

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Post# 35382010

RE:RE:RE:RE:RE:RE:RE:RE:Over 600,000 units bought by insiders past two days

MRT is all commercial. They also cut twice early during the pandemic so they are done. INO cut 50% last fall and has since dropped another 35%. I might nibble a bit here but I'd really want this under $3 before getting serious on this based on their peers and sector sentiment. Just saying, don't shoot the essenger.

nedstar71 wrote:
flamingogold wrote: I bought into MRT.UN after the 2nd distribution cut. The CEO has been buying gobs of it and while I am happy to know he is digging deep into his own pockets to buy, it has not moved the needle on the stock very much.

The market essentially hates the sector. While the distribution is quite tasty here, I wonder if there isn't another cut on the horizon. SOT.UN did a 70% cut. These really are all a big gamble now.

I continue to believe work from home-office will settle down in a hybrid mode. A lot of companies will need to downsize their sq. footage to accommodate the new model post covid.

pandsca wrote: It's always a good sign when insiders scoop-up everyting they can during times like this.
Their own confidence in their own product will spread to their own investors.

Gamble is greatly diminished at these prices, and with the 50% dividend cut 3 weeks ago I highly doubt another one is coming any time soon. SOT.un cutting 20% more really isn't significant as their management team are incompetent bozos.
MRT.un is a different animal being residential? but its yield sucks as do most of the residential reits. I'd never own any of them. All the risk of a real estate meltdown with little reward. The residential space is where you should want to be, but with such paltry yields you may as well be in banks as they yield about the same if not more.
The office space definitely has its medium term challenges, and may never recover completely, but 8.9% yield post cut with a 100% ROC taxation says buy the fear to me.