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 > 11% yield

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Comment by pandscaon May 31, 2023 7:05am

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Post# 35471775

RE:11% yield

Sorry fo rthat previous response. Please disgregard it. I had not noticed your last phrase "If they didnt cut divy it woul dbe 22% yield".

You are correct, it would be double is the div was not cut, but the share price dropped to what it is.
I'm hoping the prices will regain it's losses within teh next couple of years as I'm down about $150,000 across 2 TFSA's thanks to this companies lack of proper management. I put hte blame solely on management for getting themselves into this mess.

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