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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

Comment by pierrelebelon Jan 07, 2025 4:03pm
104 Views
Post# 36393064

RE:TNT.un

RE:TNT.un
The last distribution ($0.025) was paid on November 15th, 2023 (slightly more than a year ago).

The money that would have gone to distributions to unitholders has been used to repurchase units for cancellation for the benefit of unitholders.

If you need monthly income TNT.UN is not the trust for you.

I expect TNT.UN will start a monthly distribution again later this year..

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