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

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Comment by giovincoon Jul 27, 2024 8:53am

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Post# 36151014

RE:RE:RE:Debt

OK, then everyone should get out while this is going up on hope only LOL. This stock tanked both times when the distribution was cut and I don't see any correlation with the debt ratios. I think for reits, payout ratios after debt payments matter more.
Anyway, you will see this stock go back down to $8s if they do not announce the reinstatement of the distribution on Aug 5th. I doubt this will go to $6 unless they default like SOT.UN

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