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True North Commercial REIT T.TNT.UN

Alternate Symbol(s):  TUERF

Real Estate REIT - Diversified
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 > NCIB
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Comment by giovincoon Jan 23, 2025 4:18pm
27 Views
Post# 36417750

RE:RE:RE:NCIB

RE:RE:RE:NCIBWhere are you checking? They did buy back and filed it within one or two days.
I am now wondering why they are buying back every day. Isn't it better to keep cash and then buy when price drops like recent days?
If they use all their cash up every day, then they have no power at all. Cash is king, you need some cash on the balance sheet to make good strategic decisions.
Also, their fp&a team should forecast how much dividend savings that they will have in the end and if they could reinstate at the same level or what ever level in the end.
Without any planning and just buying back for ever will keep investors out.
I can only assume DD is planning to buy back all the shares except for his, so he can take 100% control of the company - without any explanations provided at this point.
If buying back is helping or realizing any value at all, I would expect the dividend to be back at higher levels than before. But I would be happy if they just reinstate at the same level before they cut it to zero in March, 2025.
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