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

True North Commercial REIT > NCIB

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Comment by BlueJay2020on Feb 07, 2024 11:09am

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Post# 35867460

RE:RE:RE:RE:NCIB

I agree, but I think we are a long way away from that happening here!

I am expecting to see a lot of red ink from writedowns in the Q4 results (like Allied) which will inevitably spook retail investors and the price will sink below $7.50. Drimmer will fill his boots at those levels before announcing a sale of assets close to NAV, do a SIB and make off handily.

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