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 > Buybacks savings

<< Previous

Bullboard Posts

Next >>

Comment by BlueJay2020on Mar 22, 2024 1:53pm

114 Views

Post# 35947609

RE:Buybacks savings

Hmm...that's comparing apples and oranges. You're referring to the reduced dividend on fewer shares, but that's primarily a discretionary decision as to how the company rewards shareholders - either by a distribution or by capital growth arising from reinvestment in the business.

The higher interest payment is an external outflow and that will affect the SP based on multiples of AFFO. One does not make up for the other in any mneaningful sense.

<< Previous

Bullboard Posts

Next >>

Three micro-cap value stocks trading at peak pessimism