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 > No distribution!

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Comment by Jkcocoon Aug 06, 2024 7:09pm

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Post# 36166709

RE:RE:RE:RE:No distribution!

I'm saying if you were to buy at the current price, and hold until they reinstate the dividend, you would get over 20% return from your initial purchase.

of course the market would look at this favourably and increase the share price, giving a lower yield on the new share price.

Daniel drimmer has all the incentive to increase the share price since he has lost millions due to share price being crushed.

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