Stock TNT.UN TRUE NORTH COMMERCIAL REAL ESTATE INVESTMENT TRUST
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Company True North Commercial Real Estate Investment Trust

Equities

TNT.UN

CA89784Y4076

Commercial REITs

Market Closed - Toronto S.E.
Other stock markets
 20:59:47 03/05/2024 BST 		5-day change 1st Jan Change
9.41 CAD -0.42% Intraday chart for True North Commercial Real Estate Investment Trust -2.49% -6.37%
04-18 True North Commercial REIT Sells Four Non-Core Buildings for Net Proceeds of C$19.1 Million; Continuing with Normal Course Issuer Bid MT
04-18 True North Commercial REIT (TNT-UN.TO) Sells Four Non-Core Buildings for Net Proceeds of C$19.1 Million MT

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
Daniel Drimmer CEO
 Chief Executive Officer 51 13/12/12
Chris Bell PSD
 President - 29/06/23
Martin Liddell DFI
 Director of Finance/CFO 53 20/06/23
Tracy Sherren BRD
 Director/Board Member 58 13/12/12

Members of the board

Members of the board TitleAgeSince
Sandy Poklar BRD
 Director/Board Member 53 13/12/12
Tracy Sherren BRD
 Director/Board Member 58 13/12/12
Alon Ossip BRD
 Director/Board Member 60 13/12/12
Martin Liddell DFI
 Director of Finance/CFO 53 20/06/23
Daniel Drimmer CEO
 Chief Executive Officer 51 13/12/12
Lindsay Brand BRD
 Director/Board Member - -
Lora Gernon BRD
 Director/Board Member - 20/06/23

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 14,993,362 13,299,903 ( 88.71 %) 0 88.71 %

Shareholders

NameEquities%Valuation
Daniel Drimmer
10.01 %
1,601,735 10.01 % 11 M $
Alon Ossip
0.2400 %
38,412 0.2400 % 261 394 $
Marrac Holdings Ltd.
0.0882 %
14,108 0.0882 % 96 005 $
Sandy Poklar
0.0655 %
10,482 0.0655 % 71 330 $
Lansdowne Partners Austria GmbH
0.0368 %
5,894 0.0368 % 40 109 $
Sumitomo Mitsui Trust Asset Management Co., Ltd.
0.0280 %
4,487 0.0280 % 30 534 $
Margaret Ann Allison
0.0242 %
3,871 0.0242 % 26 342 $
Dimensional Fund Advisors Ltd.
0.0149 %
2,379 0.0149 % 16 189 $
DFA Australia Ltd.
0.0128 %
2,044 0.0128 % 13 909 $
Tracy Sherren
0.009467 %
1,515 0.009467 % 10 310 $
NameEquities%Valuation
Daniel Drimmer
9.964 %
429,134 9.964 % 3 M $
Marrac Holdings Ltd.
1.451 %
62,499 1.451 % 425 306 $
Alon Ossip
0.8913 %
38,387 0.8913 % 261 224 $
Sandy Poklar
0.1619 %
6,973 0.1619 % 47 451 $
Margaret Ann Allison
0.0882 %
3,798 0.0882 % 25 845 $
Tracy Sherren
0.0232 %
1,000 0.0232 % 6 805 $
Lindsay Brand
0.000650 %
28 0.000650 % 191 $
NameEquities%Valuation
Daniel Drimmer
26.22 %
828,125 26.22 % 6 M $
Alon Ossip
8.409 %
265,625 8.409 % 2 M $
Sandy Poklar
0.1979 %
6,250 0.1979 % 42 531 $

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)

Sector

Real Estate
Real Estate
Residential & Commercial REITs
Commercial REITs
Other Commercial REITs

Sales per Business

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
9.41 CAD
Average target price
9.25 CAD
Spread / Average Target
-1.70%
Consensus

Chiffre d''affaires - Rate of surprise

Company calendar

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