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 > Playing hardball now

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Post by flamingogoldon Jun 23, 2023 10:44am

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Post# 35511173

Playing hardball now

TNT buying shares for cancellation almost daily now. This is also an indication that no further distribution cuts are likely. I also own MRT who have been aggressively buying stock for awhile now. Can't say it won't melt a little lower with overall market weakness but the buybacks come close to putting in a floor now.

https://ceo.ca/api/sedi/?symbol=TNTUN&amount=&transaction=&insider=

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