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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 > Distribution cut
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Comment by matt2018on Aug 08, 2024 3:09pm
121 Views
Post# 36169978

RE:RE:RE:RE:RE:RE:Distribution cut

RE:RE:RE:RE:RE:RE:Distribution cutthanks Holden, appreciate it.
The buybacks only really seen serious buys last 3 qtrs.
But they do seem like they have slowed down recently.
Perhaps think about an SIB and take out 500k units in one shot.
They have more than enough cash on hand to do this now.
Total debt down appr $55M from last qtr, from proceeds of asst sales.




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