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.

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True North Commercial REIT > several properties sold in q1 2024

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Comment by lancebryanton Mar 19, 2024 11:24pm

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Post# 35942135

RE:RE:RE:several properties sold in q1 2024

Selling properties may not be the answer in a lot of cases. It will only do the REIT any good if they sell when the total return on the property is greater then what they spent on it, and this has a coeficient on the return based on what the cost of capital was on a per share basis at the time.

Not withstanding in general I agree.

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