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Bullboard - Stock Discussion Forum 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... see more

TSX:TNT.UN - Post Discussion

True North Commercial REIT > WHAT AN EMBARRASSMENT IN TRADING
View:
Post by thenewsnake on Nov 27, 2023 11:21am

WHAT AN EMBARRASSMENT IN TRADING

The fact that their Q3 showed stable AFFO at 0.11 and this continues to dive is ridiculous.  It had a 20% dividend with a 70% payout ratio.  That is freakin nuts man.   If TNT was named any other reit with these metrics it would be 4x higher
Comment by TheeRook on Nov 27, 2023 6:20pm
  That is backwards looking.  Forward looking,  TNT  sold  several  properties for a loss to raise $$$ to pay off debt coming due. True North loses $42.47M in Q3, halts distributions Completed the previously announced sale of a 52,300-square-foot office property located at 32071 South Fraser Way, Abbotsford, B.C., for a sale price of $24-million, excluding ...more  
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