True North REIT: Distribution Back With A 6.5% Yield
Source: SeekingAlpha
2025-03-24 12:00:58 ET
Summary
- We had previously recognized that the strong leasing momentum had reduced some risks for True North Commercial REIT.
- This quarter continued in that fashion and the distribution made a comeback as well.
- We review the Q4-2024 numbers and tell you why we still don't own the REIT.
On our previous coverage of True North Commercial REIT ( TNT.UN:CA ) (TUERF) we stayed on a "hold" rating. The leasing in the previous quarter was fantastic but the leverage ratios and our estimates of NAV did not merit a long case....
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True North REIT: Distribution Back With A 6.5% Yield
True North Commercial
NASDAQ: TUERF
TUERF Trading
0.42% G/L:
$6.256 Last:
5,200 Volume:
$6.23 Open:
