TSE TNT UN

True North Commercial REIT (TSE:TNT.UN)

Affiliate Disclosure

True North Commercial REIT engages in the investment and ownership of commercial properties in urban cities across Canada. It is an unincorporated open-ended REIT focusing on office properties with strong tenant profiles and long term lease maturities. Government tenants (37%) and credit-rated enterprises (42%) are True North’s primary tenants.

TD Insurance, British Columbia, General Dynamics, Ontario Power are a few of its leading tenants. The REIT should benefit from the relationship with its asset manager, Starlight Investments’ extensive resources, economies of scale, and industry relationships.

Its portfolio comprises of 46 properties with a weighted average lease term of 4.1 years. Ontario is its largest operating market accounting for 59% of the total portfolio, followed by Alberta, British Columbia, Nova Scotia, and New Brunswick. True North Commercial REIT has registered a growth of 88% CAGR in its portfolio since 2012.

True North Commercial REIT Stock Details

  • Ticker: TSE:tnt.UN
  • Sector: Real Estate
  • Industry: REIT - Diversified
  • Market Cap: 0.57B
  • Market Cap Group: Small Cap
  • P/E: 9.71
  • Dividend Yield: 9.61%

TNT.UN Industry Competitors

The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.

Ticker Ticker Company Market Cap P/E Yield Aristocrat Graph SectorID IndustryID
HR.UN TSE:HR.UN H&R REIT 3.20 2.39 4.56 NO 1 10 120
CRR.UN TSE:CRR.UN Crombie REIT 1.68 288.19 5.57 NO 1 10 120
AX.UN TSE:AX.UN Artis REIT 1.10 7.29 6.34 NO 1 10 120
TNT.UN TSE:TNT.UN True North Commercial REIT 0.57 9.71 9.61 NO 1 10 120
APR.UN TSE:APR.UN Automotive Properties REIT 0.46 7.04 6.98 NO 1 10 120
PRV.UN TSE:PRV.UN PROREIT 0.37 2.68 7.20 NO 1 10 120
SOT.UN TSE:SOT.UN Slate Office REIT 0.37 4.64 8.67 NO 1 10 120
MRT.UN TSE:MRT.UN Morguard REIT 0.33 0.00 4.63 NO 1 10 120
BTB.UN TSE:BTB.UN BTB REIT 0.31 4.84 8.31 NO 1 10 120
MPCT.UN TSE:MPCT.UN Dream Impact Trust REIT 0.30 10.31 8.99 NO 1 10 120
FCD.UN TSE:FCD.UN Firm Capital Property Trust 0.22 59.92 8.87 NO 1 10 120
MR.UN TSE:MR.UN Melcor REIT 0.07 12.11 8.73 NO 1 10 120

Top Picks by Bay Street Experts

Expert stock analysts have shared their opinions, and sometimes prediction, on the company.

For more top picks from stock analysts on Bay Street, check the full list of top picks by expect stock analysts from investment and asset management firms.

Not all analysts are equal and they don't cover the same type of stocks. The analysts performance and ownership is tracked for comparison.

True North Commercial REIT - FAQ

What is the stock ticker for True North Commercial REIT?

The stock ticker for True North Commercial REIT is TSE:tnt.UN.

Is True North Commercial REIT a good stock to buy?

You need to consider your investment strategy and how TSE:tnt.UN can fit in your portfolio.

The current dividend income score of 7/10 and dividend growth score of 4/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.

Is True North Commercial REIT a Buy, Sell or Hold?

The Dividend Snapshot Opportunity Score of 50 out of 100.

The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.

A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.


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DISCLOSURE: Please note that I may have a position in one or many of the holdings listed. For a complete list of my holdings, please see my Dividend Portfolio.

DISCLAIMER: Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your investment decisions at your own risk – see my full disclaimer for more details.