True North Commercial REIT T.TNT.UN

Alternate Symbol(s): TUERF

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.

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True North Commercial REIT > No one has any comments?

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Comment by wheeloffortuneon Aug 04, 2023 11:38am

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Post# 35573382

RE:No one has any comments?

Assuming RIOCAN (which you hold 80% of your porfolio in) maintains an FFO of 0.44 (1.76 annualized) that's an 8.8% free cash flow at $20-with fewer deductions because RIOCAN releases their quarterly statements using FFO instead of AFFO. Yet, you love to trash TNT daily here and praise RIOCAN, when it's RIOCAN that's mismanaged trash compared to TNT. It's only because it's a larger company that ETFs like Vanguard and Blackrock are holding the price.