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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True North Commercial REIT > NAV per share

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Post by gold_diggers1 on Jun 13, 2024 1:24pm

NAV per share

What is the NAV per share? i.e. if TNT liquidates all buildings and pays off all debts.

As NCIB goes on... the number of shares outstanding is slowly being reduced. Now it stands at 14.8M from 16M shares (after consolidation).

GLTA

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Comment by luscar99 on Jun 13, 2024 1:57pm

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Comment by EstevanOutsider on Jun 13, 2024 3:36pm

the price they paid for that is probably near land value/building rights at $220 per square foot. it's literally a few minute walk to the parliament building and immediately beside ottawa's new light rail plus facing the rideau center. DND has a 4.8 year lease left which they have to fulfill. drimmer can toss that to developers. that area has the green light for residential construction ...more

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True North Commercial REIT