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 > TNT

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Comment by matt2018on Nov 15, 2024 12:14pm

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Post# 36315102

RE:RE:TNT

another 4 months of buying should knock the float down to 14M units.
That would make it 2M units cancelled since they started these buybacks.
Thats huge. Even if they reinstate a $1 div, there is still AFFO room to keep buying units as well.
That $2M savings/yr could go to capital improvements to maintain high occupancy.
Not many companies want to leave if they see the landlord renovating lobbies, etc.
As long as rates keep falling and renewals done at cheaper rates and overall economy holds up, they should come out of this just fine.
Thats why DD keeps adding.

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