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 > it's beggining to look like

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Comment by EstevanOutsideron Jul 19, 2023 5:21pm

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Post# 35548775

RE:it's beggining to look like

Could be but TNT only has 0.86% short interest which is extremely low. I noticed it moved big on low volume which seems to show selling pressure has diminished and there wasn't much inventory at these current low prices. TNT trading just over $200 sq/ft now which isn't much higher than one might expect distressed office valuations in lower grade buildings to go for in recent times.

TNT should get bid back down to at least a 10% yield. The REIT's 52-week high was $6.80 and absolutely nothign changed since except slightly higher interest rates and a distrbution cut to a more sustainable level. This one could really rip.

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