TSX:TNT.UN - Post by User
Comment by
EstevanOutsideron Mar 10, 2024 2:20pm
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Post# 35925271
RE:Upcoming quarterly report opinions welcomed!
RE:Upcoming quarterly report opinions welcomed! good thoughts cooper.
in addition to agreeing to what you wrote, i think we could hear a thing or to about asset sales. they have a couple properties listed such as 3650 victoria park and one small office in hamilton.
it seems there could be a vacancy in calgary on the deerfield industrial park property. luckily it's a very high demand area with mixed use zoning (industrial) so should be able to attract a strong tenant after the defense contractors vacated. probably why they are renting and not selling.
vacancy wise, the situation has stabalized and gotten better in some of their markets. tnt has good exposure to british columbia (van/vic) which is the best market in north america. toronto has been flatlining and many of their smaller markets have been seeing positive net absorption.
ultimaetly, no new builds and mostly good locations should serve tnt well. not much on the re-leasing risk front for some years to come, which by then, i would expect improvements given there are absolutely no new builds and continued contracting supply of office real estate.
the positve impact from the highly successful ncib should start to get noticed in ffo/affo metrics..