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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

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  • gold_diggers1X
Comment by gold_diggers1on Aug 09, 2024 12:00pm
116 Views
Post# 36171532

RE:Quit being so focused on the distribution

RE:Quit being so focused on the distribution"They have a massive repayment of debt coming in October. "

Is that why TNT.UN is languishing here?  Will it end up like SOT.UN as people speculating?

GLTA


lancebryant wrote: I find it so remarkable how you folks think the company is going bankrupt with significant positive FCF and no distribution payments.

Additionally; many of you are concerned the distribution may never come back for some reason.

Meanwhile the company purchaess about 10% of the outstanding shares on a yearly basis at current rates.

In the most recent report it paid back 90 bps of its debt.  

They have a massive repayment of debt coming in October.   

The company is doing ruddy great, and if you cant see that not paying a distribution is good for you as a share holder frankly I don't know how to  help you.  jUst sell the shares and move on.




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