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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

Comment by ScroogeMcDuck1on Jan 21, 2024 10:31am
187 Views
Post# 35837853

RE:$1.78 old price

RE:$1.78 old priceThis is acting like HOT.  There is no big rush to buy because the dividend is not apparent.  I think it's smart to accumulate a whole position here and if/when the dividend is reinstated or as time draws closer we will be up significantly.  I think this is a lower quality company so its down the list of names to pile on, but there is value nonetheless.  We probably all expect a 15$ stock at the least here, so as other names recover first, the upside here will come into focus as a comparable.  
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