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 > I contact them asking about NCIB

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Comment by lebouclieron Nov 14, 2023 3:10pm

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Post# 35735151

RE:I contact them asking about NCIB

There will be a few days delay most likely before the report of NCIB comes out. If they can turn this thing around, a lot of us who bought at around 1,50 - 2,50 can double our investment in no time... And with a 70% AFFO payout and over 90% occupancy, I am not very worried here. let the market slaughter the impatient. Personally, i would love to see a SIB at these prices.

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