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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 > TNTs dividend pre-slit
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Comment by Northforce13on Sep 25, 2024 7:06pm
62 Views
Post# 36241236

RE:TNTs dividend pre-slit

RE:TNTs dividend pre-slitFurther illustration of undervaluation = peer office REITs Allied and Dream SP 10-11% AFFO yield

TNT 2.50 AFFO / 13 SP = 19.2%

Gap exists because of problems TNT had compounded by higher leverage

Problems addressed, refis going well, expanded credit facility, announced imminent dividend re instatement

Writing is on the wall for those that can read it

Money on the table for those who act

However...

"you can bring a horse to water, but you can't make him drink"  is a fond quote, applicable to the stock market and human nature

AFFO may come under slight pressure if refi % rate = higher than current debt (4.5%+/-)

GLTA


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