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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 > Debt recap
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Comment by giovincoon May 29, 2024 2:32am
119 Views
Post# 36061656

RE:Debt recap

RE:Debt recap60 million from building sales won't be 100% free cash flow.
It was already in the news, after paying back the mortgage attached to them, it is ~19 million in proceeds.
If anyone looks at the chart, it is very clear that the share price dropped each time they cut the dividend.
If they want to increase the shareholder value, via share price appreciation, they need to reinstate it and not cut it to zero. I am tired of the biased management, so cutting my loss here. There is value here but management, inherited billionaire DD and not self made so knows nothing, is killing it.
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