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 > At the current pace of buybacks...

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Comment by flamingogoldon May 09, 2024 4:49pm

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Post# 36032164

RE:At the current pace of buybacks...

Whenever I read "hyperinflation" I laugh. Not happening here.

It's funny how human nature works. When rates were in the ditch for years everyone said interest rates could not rise. Well, covid came and rates rose the fastest ever in over 40 years.

Post covid came inflation and to some the fear is now hyperinflation. It's human nature to always go to extremes. Just like the shorts think everyone will work from home forever in their pj's and commercial real estate will whither and die. Well, guess what our government is mandating now?... the return to work for 3 days/week. And not far behind that expect 4 days/week. It's coming. That's how billionaires like Daniel Drimmer get richer, because they do things everyone else thinks is wrong.

https://www.cbc.ca/news/canada/ottawa/federal-government-public-service-union-office-complaint-1.7197375#:~:text=The%20government%20directed%20all%20public,or%20three%20days%20a%20week.

luscar99 wrote: ...the NCIB will be completed by end of September.
They should slow it down and there are some signs they are doing just that.
Yesterday was a large volume day but they did not fulfill the max quota of 16100 units.

The end game is hyperinflation. Reducing debt should not be done by selling the best productive assets. Like the recent BC building sale.