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 > If I was DD

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Comment by BlueJay2020on Nov 21, 2023 11:51am

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Post# 35746581

RE:RE:RE:If I was DD

It's all speculation as none of us have any idea what the average holding price is. It is quite conceivable that $4.50 would be enough - yes those who stupidly paid north of $7 will take a hit but not as bad as they are now. Otherwise they could be sitting on this for years trying to get their money back. The SPs of the rock bottom interest rate levels are gone IMHO and investors need to recognize the new realities.

Of course, $4.50 would be a three-bagger for me, so I would take it!

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