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 > Market Reality

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Comment by EstevanOutsideron Nov 13, 2023 1:34pm

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Post# 35732384

RE:RE:RE:RE:RE:Market Reality

Imagine they don't cut (my expectation) and I lock in 20% on yield on what I added last week?

The only issue I see the optics of having a 20% yield.

Fundamentally they will be fine and have liquidation options on expiring leases which would be insanely accretive given low implied trading price - also potential to run a SIB to correct unit price.

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