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 > Company repurchased 13700 shares on Friday.

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Comment by gold_diggers1on Apr 22, 2024 10:47pm

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Post# 36002572

RE:RE:RE:RE:Company repurchased 13700 shares on Friday.

Laughable, isn't it? Geez, DD, since you are a billionaire, can't you buy some more shares during your non-blackout periods to show you have faith in this Company??

Yeah, I know..... I have ruffled some feathers, haven't I? just like I used to ruffle SIGG1's feathers?! And now, where is SIGG1??

Just re-stating some fact, that's all.... hehehe :)

matt2018 wrote: totally agree.
He already owns appr 1.5M shares, his distributions on this massive holding have been cut like everyone else here.
Yet, some investors here expect him to reach into his pocket and buy 5,000 shares a day?
Laughable.

cooper90 wrote: DD is a massive shareholder in this REIT which is what all shareholders are looking for when aligning with management, do they have skin in the game.

The fact that DD hasn't purchase shares recently is irrelevent and I am not sure why people keep bringing it up. If he had no skin in the game, a minor investment and with the stock so undervalued did not step up and purchase that would be troubling.

That is not the case at all...............as long as TNT continues to buy back shares at the same rate of investment as the past payout on the distribution we are getting a lot of value here period.

IMO rates are coming down in Canada and not just by .25% point, Canada is hurting and will need multiple cuts to kickstart the economy. With every rate cut at these new locked in higher rental agreements is money in the bank for TNT.