True North Commercial REIT T.TNT.UN

ANYONE KNOW

[garyreins]

Why SOT default is not tanking TNT harder, or is it pretty much going to be a story specific to SOT


Bear in mind SOT lead the downfall with the dividend cuts that other office reits followed

[EstevanOutsider]

slate office is not comparable to tnt or other reits in my view at all. anybody 'educated' in the space should be able to conclude that. their assets are in difficult to sell markets and lower quality buildings which are probably obsolete, like much of their maritimes portfolio. chicago assets are in a gun toting slum. not sure about ireland. really dont know what george armoyan was

[gold_diggers1]

Furthermore, there's no NCIB, nor purchases by SOT's leasership team. Whereas, NCIB and DD buys continue in TNT's case. GLTA  

[luscar99]

This post has been removed in accordance with Community Policy

[lancebryant]

SOT is an actual ponzi scheme.  Every other REIT on the Canadian Market has sold assets at prices higher then 2019 or at the very least near those prices with at most 20% haircuts. SOT sells multiple assets at massive discounts to market price for the area. TNT just got a significant ROI of its assets. SOT has great quality assets also, many of them were huge 100M+ buildings.  INO

[EstevanOutsider]

one reason i invested in tnt and dream was because they have smaller, more liquid properties. slate has bunch of huge 60s and 70s era junkers in atlantic canada even tearing them down would be expensive. it's obviously cheap but the assets are not liquid. tnt properties are much more liquid and they were tactical on the locations, many of which have immense land value which has since

[gold_diggers1]

"tnt likely easily a $20 reit again when the tide turns" If and when the tide turns, I would think TNT will be over $28.75 ($5 pre-consolidation), since $20 is only $3.48 pre-consolidation. This is especially feasible after NCIB reducing shares outstanding and if coupled with re-instated dividends.  Yes/No? GLTA

[EstevanOutsider]

i don't think so as it use to trade at a premium to nav becuase of distribution in a historically low interest rate enviornment but possible with the buybacks and if interest rates collapse. no new builds in offices so who knows what the future will bring?