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

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TSX:TNT.UN - Post Discussion

True North Commercial REIT > Seems like

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Post by giovinco on Mar 12, 2024 2:52am

Seems like

Tnt.un is the only reit in Canada that is buying back and cancelling units aggressively.
Cannot find any other reit doing the same. Yet, my research may not be 100% correct.
Though not sure if it is good or bad.
It is good if it is only reit with enough fcf to do so, otherwise it is only reit doing dumb not paying out shareholders with maximum value LOL.

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Comment by luscar99 on Mar 12, 2024 10:50am

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Comment by garyreins on Mar 12, 2024 11:06am

PMZ has been running buybacks for years from cashflow- no need to sell assets or lower dividend.

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Comment by luscar99 on Mar 12, 2024 12:12pm

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Comment by rochester33 on Mar 12, 2024 8:53pm

NOPE. ..Thursday, February 22, 2024, 7:25 AM ET Allied Announces Renewal of Normal Course Issuer Bid TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust ("Allied") (TSX:AP.UN) today announced that it has received approval from the Toronto Stock Exchange ("TSX") for a normal course issuer bid ("NCIB" ...more

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