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 > Funds for buying on the NCIB should run out soon

<< Previous

Bullboard Posts

Next >>

Comment by EstevanOutsideron Mar 16, 2024 6:43pm

138 Views

Post# 35936847

RE:Funds for buying on the NCIB should run out soon

These are the properties they are known to be selling:

251 arvin street hamilton $2.7 million $395 psf

3650 victoria park north york $38 million $251 psf

1161 CRAWFORD DR peterborough $9.25 million $284 psf

Considering the implied trading value of TNT is around $200 psf, any of these sales would be highly accretive!

<< Previous

Bullboard Posts

Next >>

Investor’s corner: Solving chronic pain in dogs – A significant market opportunity