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 > AFFO is more important than debt

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Comment by wheeloffortuneon Nov 01, 2023 3:42pm

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Post# 35711950

RE:RE:AFFO is more important than debt

No they don't Banks cannot refuse to renew a commercial mortgage if they're making their payments on time. Debt ratio requirements are just for new mortgages.

EstevanOutsider wrote: they have to maintain below 75% to debt ratio for covenant requirements.

but yes they are very profitable here and will be a huge winner if rates start falling as it looks like they will considering they already cut their distribution.

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