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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 lancebryanton Jun 26, 2024 7:31pm
108 Views
Post# 36108051

RE:ANYONE KNOW

RE:ANYONE KNOWSOT is an actual ponzi scheme. 

Every other REIT on the Canadian Market has sold assets at prices higher then 2019 or at the very least near those prices with at most 20% haircuts.

SOT sells multiple assets at massive discounts to market price for the area.

TNT just got a significant ROI of its assets.

SOT has great quality assets also, many of them were huge 100M+ buildings. 

INO for example has 50% occupancy and its still above water.
SOT on the other hand has 73% and at significantly better deals then INO can seem to get out of theirs and somehow SOT just defaulted in extreme ways.

Keep in mind the company is not declaring those bonds worthless; they are just saying they are going to miss some stamp payments due to having to pay other debts.




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