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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

True North Commercial REIT > No distribution!
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Comment by BlueJay2020on Aug 07, 2024 12:29pm
69 Views
Post# 36167710

RE:RE:RE:RE:RE:RE:RE:RE:No distribution!

RE:RE:RE:RE:RE:RE:RE:RE:No distribution!Good decision.  A massive drop was never on the cards based on those results and continuation of the buyback strategy.  The vast, vast majority of dividend seekers have long gone by now so the lack of a distribution was a non-issue.  

You've got me curious now as to what your book value is.  If you hold nigh on 10,000 shares, if you've held them since before 2023 you've got close to $400,000 invested - that's crazy!  I hope you averaged down signficantly when it crashed.

For the record, I own 8300 shares at an average of $9.38.
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