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 > 9200 Glenlyon Parkway, BC sale closes

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Post by flamingogoldon Jun 28, 2024 8:17am

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Post# 36110351

9200 Glenlyon Parkway, BC sale closes

TNT's relentless share buybacks at a large discount to the NAV and sale of non-core buildings at close to or more than the purchase price continues to give me the confidence to hold. Victory is in the waiting.

"the trust units of the REIT can currently be repurchased at a significant discount to the REIT's net asset value and at an inferred distribution yield of approximately 20.0%. All four properties were sold for more than their initial purchase value. These dispositions underscore the strength of the REIT's portfolio"

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