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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 giovincoon Apr 27, 2024 1:52am
103 Views
Post# 36010738

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Yesterday...Wow. It's hard to make a conversation with some people who are plain ignorant.
The list only shows people who are either insiders or institutional holders.
Anyway, the point was not about how many shares I own. I probably would not have retired early if I knew this trusted REIT was going to screw me over. Why would I move to another REIT when distribution yield is highest for tnt.un. I just want my distribution, that's all.
This is the only REIT buying back units so vigorously, when it has the money to pay the distribution.
Other REITs do state NCIB, yet they are not cutting distribution over excessively to buy back full allotted units. Daniel should calm down and think about what is best for the shareholders including himself, though he is still working so maybe his salary is enough for him to carry him forward.
If there is value, the share price will increase. Cutting dividend will not increase share price or shareholder value.
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