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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

True North Commercial REIT > Yesterday...
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Comment by cooper90on Apr 26, 2024 9:54am
113 Views
Post# 36009131

RE:RE:RE:RE:RE:RE:RE:Yesterday...

RE:RE:RE:RE:RE:RE:RE:Yesterday...Many of us with large share counts don't want to touch the units especially at these levels but would really like to see the reinstate of a divi to support income generation.

Honestly speaking by the end of June (end of CYQ2) TNT would have been buying shares for over 6x months, all while rates have been in a holding pattern supporting good value for the company. With rates in Canada set to drop and this new cycle beginning it would be ideal for them to announce the reinstatment. 

IMO, they should announce a solid divi which at these levels could represent 9-9.5% monthly like AP-UN for example and still use the other 50% to continue buying back shares and supporting daily volumes to reduce volatility. 

Steady increases to the share price while paying a monthly distribution and everyone wins here! Overtime, as we move back to better historic share price levels they continue to bumb the monthly distribution which inturn drives further gains. 

It could be a wonderful thing lol!!   

 
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