True North Commercial REIT T.TNT.UN

at 15% yield, quesitons must be asked

[EstevanOutsider]

either to ourselves or management. i realize occupancy is stable and leasing has been strong but not doing a buyback here with a ridiculous yield like that getting no respect by the market raises questions. if the yield is getting no respect, the equtiy is too expensive not to buyback. if that isn't that the case perhaps we are the fools and the market is smelling out a worthless reit.

i dont think this is worthless which is why i added. it's less than $200 sqft overall with a respected hand at the wheel. but my mind is uneasy with the size of the yield and the management team who is no longer buying back with the unit price plunging to 15%.

[garyreins]

I don't know what this is anymore.  Not even private equity wants to put in hostile bids.  

[flamingogold]

Sentiment for office reits is stongly negative. After a false start, management is likely waiting now for a better signal on when rates will top out before proceeding further on the NCIB.

[gold_diggers1]

Could it also be people anticipating a bad Q3 results on Nov 13?

[kevhaw]

CIBC World Markets lowered their target price for TNT from 3.00 down to 2.25. The report came out at noon the other day and the price started to drop immediately. It's been going down every day since then. I have to wonder what they based their price target slash on? Inside knowledge of the upcoming quarterly report?

[robertbig]

these reports almost always seemed based on ' price is narrative'... look at some of the price targets on things like tesla or zoom or peleton when flying higher.... they always get higher price targets.... maybe there is meaningful information in the report, but the price target itself is almost always 100 bullshit.... usually on the optimistic side, but when sectors get really beat up