True North Commercial Real Estate Investment Trust (T:TNT.UN)
Business Focus: Commercial REITs (NEC)
Cloudy as of November 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
Nov 23, 2023 16:10 ET
True North Commercial REIT Announces Completion of 5.75:1 Unit Consolidation
/NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/
Nov 13, 2023 17:49 ET
True North Commercial REIT Reports Q3-2023 Results and Announces Updated Strategy to increase Unitholder Value
Plan includes Redirecting Monthly Distributions to Maximize Buyback under the NCIB and Unit Consolidation
Valuation Ratios
Industry
Sector
Beta
--
--
--
Price to Sales - TTM
0.79
2.32
3.15
Price to Book - most recent quarter
0.23
0.61
1.00
Price to Cash Flow per share - TTM
--
10.82
10.69
Price to Free Cash Flow per share - TTM
2.18
9.89
20.38
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Nov 15, 2023 | 131,880 | 49,679 |
| Oct 31, 2023 | 82,201 | -19,927 |
| Oct 15, 2023 | 102,128 | -2,247 |
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 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 is focused on creating value for unitholders through the investment in and ownership of commercial properties in Canada. The REIT owns and operates a portfolio of approximately 44 properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada. Its properties include 9200 Glenlyon Parkway; 36 and 38 Solutions Drive; 1595 16th Avenue; 855 8th Avenue SW; 5775 Yonge Street; 6 Staples Avenue; 845 Prospect Street, and 551 King Street.
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