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 flamingogoldon Feb 07, 2024 3:58pm

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Post# 35868308

RE:RE:RE:RE:RE:RE:RE:NCIB

Contrarian is my middle name lol!

BlueJay2020 wrote: Nope, still holding and not even contemp[ating selling! Although I am expecting a drop from here, there is no guarantee I am right and even if I am right I am not going to try and time the market.

There is deep value here and I am not going to bale out on the basis on some IFRS accounting adjustments :) However, there are some that will, not to mention the risk of shorts. Perhaps I am a contrarian investor but I really like the buybacks at these levels (and actually well north of where we are).

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