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 > Due for a market correction

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Comment by cooper90on Mar 19, 2024 4:27pm

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Post# 35941575

RE:RE:Due for a market correction

Last time I checked TNT commerical is in Canada and inflation just hit 2.8% instead of a projected 3.1%, even less if you take out energy and interest expense due to mortgage rate increases. We will see rate drops starting June or July in Canada
Canada is flat to negative growth in the last 6x months way behind the US, REITs in Canada will start to see nice upside once a few quarters are under our belt
Doesn't matter what the US does
Cooper

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