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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 EstevanOutsideron Jun 13, 2024 3:36pm
100 Views
Post# 36087811

RE:RE:NAV per share

RE:RE:NAV per sharethe price they paid for that is probably near land value/building rights at $220 per square foot. it's literally a few minute walk to the parliament building and immediately beside ottawa's new light rail plus facing the rideau center. DND has a 4.8 year lease left which they have to fulfill.

drimmer can toss that to developers. that area has the green light for residential construction and right across the street are brand new luxury condos with price tags as high as $1 million per suite.


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