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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...
, 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.
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TSX:TNT.UN - Post Discussion
True North Commercial REIT
> NCIB AND DIVIDEND
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•••
garyreins
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Post by
garyreins
on Mar 20, 2024 9:35pm
NCIB AND DIVIDEND
Did they get asked or imply what the plan is for 2024?
i want to see some $ in my account soon
(35)
•••
lancebryant
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Comment by
lancebryant
on Mar 21, 2024 6:27pm
Nobody accept Daniel knows. I for one believe that they will run out of funds for buybacks and be forced to distribute it or potentially lose REIT status depending on how the properties sell. It seems in recent days they have slowed buybacks funded by the organization. Not sure on that yet; it could just not have been filed and the buybacks did occur. I expect to see insiders buying more
...more
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