True North Commercial Real Estate Investment Trust (T:TNT.UN)
Business Focus: Commercial REITs (NEC)
Mixed as of March 01, 2023
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Insider Filings
Latest 10 SEDI filings for TNT within the last 6 months
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Company News
Mar 15, 2023 17:05 ET
True North Commercial REIT Announces March 2023 Distribution
/NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/
Mar 14, 2023 17:05 ET
True North Commercial REIT Reports Q4-2022 and Year End Results, Announces Capital Strengthening and Unitholder Value Strategy and 80% of Revenue from Government and Credit-Rated Tenants
Plan includes Strategic Sale of Two Recently Vacated Ontario Properties, Reduction of Unitholder Distribution and Pending Five-year Government Tenant Renewals of 140,000 square feet
Valuation Ratios
Industry
Sector
Beta
--
--
--
Price to Sales - TTM
2.27
3.30
4.27
Price to Book - most recent quarter
0.62
0.85
1.07
Price to Cash Flow per share - TTM
--
5.84
9.23
Price to Free Cash Flow per share - TTM
5.96
17.42
24.48
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 15, 2023 | 1,436,358 | 392,275 |
| Feb 28, 2023 | 1,044,083 | 228,580 |
| Feb 15, 2023 | 815,503 | 198,328 |
Business Summary
| Sector: Real Estate | Industry: Commercial REITs |
True North Commercial Real Estate Investment Trust (the REIT) is a Canada-based unincorporated, open-ended real estate investment trust. The objective of the REIT is to generate stable cash distributions on a tax-efficient basis; expand the asset base of the REIT and increase its distributable cash flow through acquisitions of commercial rental properties across Canada and such other jurisdictions where opportunities exist and enhance the value of the REIT's assets to maximize long-term unit value through active management of its assets. The REIT owns and operates a portfolio of approximately 47 office properties across Canada consisting of five million square feet. Its investment sectors include public administration, services, finance, insurance, real estate, manufacturing and others. Its properties include 855 8th Avenue SW, 4500 & 4520 - 16th Avenue NW, 1020 68th Avenue NE, 3699 63rd Avenue NE, 13140 St. Albert Trail and others.
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