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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.


TSX:TNT.UN - Post by User

True North Commercial REIT
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Post by giovincoon Oct 06, 2023 12:20pm
314 Views
Post# 35673345

Crazy pricing

Crazy pricingWow. $2 per share is just too crazy.
I wonder if there will be a hostile takeover, from the likes of blackstone or brookfield.
Even ~50% premium would price this stock at only $3 per share.
I actually want to keep buying the stock at $2 per share until the bank of canada starts reducing rates in the years to come.
I just wish that I had more money lol. I'd be content to take over offer at $4 per share, which is unlikely at the current pricing, it was possible when the stock price was around 2.50 to 2.70ish.

Either way, if and when that happens, I'd buy another discounted reit having a take over target potential.
This is the best valued one as of now based on my analysis.
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Dealroom for high-potential pre-IPO opportunities