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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 > TNT selling 3650 Victoria Park @ $44.5 million
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Comment by lancebryanton Oct 28, 2023 3:00pm
168 Views
Post# 35705780

RE:TNT selling 3650 Victoria Park @ $44.5 million

RE:TNT selling 3650 Victoria Park @ $44.5 millionI would agree with this and I think the sentiment is largely there, It will take some time for this to play out though and some of the wheels might come off before this happens.

TNT is in much better shape then equally market capitalized REITS at this stage of the game yet its trading it a very serious negative premium to those comparables.

Comparing it to Slate for example is laughable, Slate is in really bad shape but yet they trade at similar multiples.


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