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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

Comment by cooper90on Apr 09, 2024 12:02pm
121 Views
Post# 35979201

RE:TNT.un

RE:TNT.unIMO they will move on a reasonable distribution reinstatement at the end of Q2 annoucing it during their Q2 results in July 
That means for the rest of this quarter they will continue to buy back shares at these crazy low prices and add value for unit holders with a very low float 
I thought they would have reinstated at the end of Q1 but it was the right decision to continue to re-purchase and await postive momentum from the pending rate cuts in June
Canada unlike the US has flat to negative growth, negative job growth so they will need to act before the US
Every repeated cut in Canada will be great for REITS! 
Good luck! 
Regards,
Cooper 
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