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 > Why is tnt only repurchasing 4200 shares per day?

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Comment by flamingogoldon May 15, 2024 4:08pm

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Post# 36041903

RE:RE:RE:RE:Why is tnt only repurchasing 4200 shares per day?

I like your analysis, finally some common sense instead of the banter spewed lately.

Agreed, the BoC will likely cut in June or July well before the US does, which is now looking like Nov-Dec. September is mid-election and too political. Either way, moving before the US does will cause our dollar to suffer, but Tiff believes we can tolerate a temporary uptick in the inflation rate since we are already below the US.

Net result we avoid recession and there's much needed mortgage relief for both consumers and the REITs. The soft landing is still on target.

cooper90 wrote: Absolutely, there will be no hyperinflation in Canada far from it. The USA is growing and the economy is resilent but inflation is coming down at a gradual pace. Canada, due to anti-business Federal policies resulting in wasteful spending, no support to drive business productivity and growth our economy is currently riding a technical recession.

During a recession with heavy household debt levels consumers cut back, businesses don't invest in capital and unemployment continues to tick higher. The only thing growing in Canada is Federal Gov jobs, and debt levels in all levels of government. Consumers continue to cut back and this will lower inflation but at a cost.

End result, the BOC is behind the curve IMO in cutting rates and will need to act before Canada falls into a deeper recession which rate policy will not combat so quickly.

Big difference between the US and Canada currently and it is only going to widen so with every rate cut in Canada that will benefit TNT and Canada REITs overall.

June we will begin the Canadian REIT healing process!