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 > Complete lack of interest

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Comment by wheeloffortuneon May 30, 2024 7:15pm

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Post# 36065441

RE:RE:RE:Complete lack of interest

Oh great, you compare DD to Elon Musk running Tesla and then conclude DD should reinstate the distribution to raise the SP when Tesla doesn't pay a dividend. Great logic.

giovinco wrote: Why is tnt wasting money to hire people so that they could write on this board in favor of DD? DD must be very sensitive and weak minded to do that.
Anyway, all in all it is CEO's fault for share price going down the toilet. Look at Elon Musk, he is saying tesla's share price appreciation is his achievement.
Just reinstate the distribution, then the share price will increase slowly at least 50% from the current level.

flamingogold wrote: You are blaming Mr. Drimmer for the poor sentiment in the REIT sector? He didn't create the sentiment, but merely doing what's possible to navigate around it.

Of the REITs I follow, this and MRT are the only ones that buy back and yet their share prices is in the toilet. It will stay there until the sentiment changes, most likely once rates appreciably decline and not just by 1/4 pt either. If you expect this to turn around in a few months you are in the wrong stock.

SIGG1 wrote: Shorts are back in the driver seat, I think it will probably go back to the 52 week low of $6.32.

Buying only 25% of what they should be buying back under the NCIB creates even more uncertainty and we all know how markets hate uncertainty.

Well done DD.