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 > Distribution cut

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Comment by wheeloffortuneon Aug 13, 2024 9:37am

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Post# 36176281

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

To correct you, Operating Income in 2022 was $80.5m (not $16.5m) and NET Income was $16.5m. Big difference. But, here's something really positive about Net Income for TNT. According to Yahoo Finance, NET INCOME TTM (August 6, 2024) = $57.3m (WOW!!); DEC 31/23 = $-40,6M ; DEC 31/22 = $16.5m ; DEC 31/21 = $51m.
in Dec 31/21, the stock traded at $42.61 and the net income n 2021 was $6.3M lower than our mid year TTM. Revenue 2021 = $139.4m and 2024 TTM Revenue = $143.6m. They are right on track! If they can keep this up until the end of this year, it's a $40+ stock. Anyone who sells at this price is an i-d-i-o-t.

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