Company True North Commercial Real Estate Investment Trust

Equities

TNT.UN

CA89784Y4076

Commercial REITs

Delayed Toronto S.E. 01:56:44 2024-05-15 pm EDT 5-day change 1st Jan Change
9.12 CAD -1.72% Intraday chart for True North Commercial Real Estate Investment Trust -5.20% -9.25%

Business Summary

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.

Sales per Business

CAD in Million2022Weight2023Weight Delta
Base Rent
55.1 %
76 53.1 % 73 55.1 % -4.43%
Property Operating and Realty Tax Recoveries
41.2 %
56 38.8 % 54 41.2 % -2.31%
Parking and Other
3.7 %
12 8.1 % 5 3.7 % -57.99%

Sales per region

CAD in Million2022Weight2023Weight Delta
Canada
100.0 %
144 100.0 % 132 100.0 % -7.92%

Managers

Managers TitleAgeSince
Chief Executive Officer 51 12-12-13
President - 23-06-29
Director of Finance/CFO 53 23-06-20
Director/Board Member 58 12-12-13

Members of the board

Members of the board TitleAgeSince
Director/Board Member 53 12-12-13
Director/Board Member 58 12-12-13
Director/Board Member 60 12-12-13
Director of Finance/CFO 53 23-06-20
Chief Executive Officer 51 12-12-13
Director/Board Member - -
Director/Board Member - 23-06-20

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 14,803,249 13,109,790 ( 88.56 %) 0 88.56 %

Shareholders

NameEquities%Valuation
1,601,735 10.01 % 13 M $
Alon Ossip
0.2400 %
38,412 0.2400 % 299 806 $
Marrac Holdings Ltd.
0.0882 %
14,108 0.0882 % 110 113 $
10,482 0.0655 % 81 812 $
Lansdowne Partners Austria GmbH
0.0368 %
5,894 0.0368 % 46 003 $
Sumitomo Mitsui Trust Asset Management Co., Ltd.
0.0280 %
4,487 0.0280 % 35 021 $
3,871 0.0242 % 30 213 $
Dimensional Fund Advisors Ltd.
0.0149 %
2,379 0.0149 % 18 568 $
DFA Australia Ltd.
0.0128 %
2,044 0.0128 % 15 953 $
Tracy Sherren
0.009467 %
1,515 0.009467 % 11 825 $
NameEquities%Valuation
429,134 9.964 % 3 M $
Marrac Holdings Ltd.
1.451 %
62,499 1.451 % 487 805 $
Alon Ossip
0.8913 %
38,387 0.8913 % 299 611 $
10,155 0.2358 % 79 260 $
3,798 0.0882 % 29 643 $
1,000 0.0232 % 7 805 $
Lindsay Brand
0.000650 %
28 0.000650 % 219 $
NameEquities%Valuation
828,125 26.22 % 6 M $
Alon Ossip
8.409 %
265,625 8.409 % 2 M $
6,250 0.1979 % 48 781 $

Company contact information

True North Commercial REIT

Centre Tower 3280 Bloor Street West

M8X 2X3, Toronto

+416 234 8444

http://www.truenorthreit.com
address True North Commercial Real Estate Investment Trust(TNT.UN)

Sales per Business

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
9.28 CAD
Average target price
9.188 CAD
Spread / Average Target
-1.00%
Consensus

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