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: 0.24B
- Market Cap Group: Micro Cap
- P/E: 25.52
- Dividend Yield: 11.63%
- Grade: C
- Dividend Aristocrat: NO
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 5/10
- Dividend Income Fit: 8/10
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 | 2.80 | 0.00 | 5.70 | NO | 1 | 10 | 120 |
| CRR.UN | TSE:CRR.UN | Crombie REIT | 1.53 | 214.48 | 6.16 | NO | 1 | 10 | 120 |
| AX.UN | TSE:AX.UN | Artis REIT | 0.80 | 0.00 | 8.45 | NO | 1 | 10 | 120 |
| APR.UN | TSE:APR.UN | Automotive Properties REIT | 0.46 | 8.07 | 6.95 | NO | 1 | 10 | 120 |
| MRT.UN | TSE:MRT.UN | Morguard REIT | 0.35 | 0.00 | 4.40 | NO | 1 | 10 | 120 |
| PRV.UN | TSE:PRV.UN | PROREIT | 0.31 | 6.28 | 8.67 | NO | 1 | 10 | 120 |
| BTB.UN | TSE:BTB.UN | BTB REIT | 0.28 | 6.86 | 9.20 | NO | 1 | 10 | 120 |
| TNT.UN | TSE:TNT.UN | True North Commercial REIT | 0.24 | 25.52 | 11.63 | NO | 1 | 10 | 120 |
| FCD.UN | TSE:FCD.UN | Firm Capital Property Trust | 0.20 | 0.00 | 9.63 | NO | 1 | 10 | 120 |
| MPCT.UN | TSE:MPCT.UN | Dream Impact Trust REIT | 0.18 | 0.00 | 6.21 | NO | 1 | 10 | 120 |
| SOT.UN | TSE:SOT.UN | Slate Office REIT | 0.17 | 0.00 | 5.80 | NO | 1 | 10 | 120 |
| MR.UN | TSE:MR.UN | Melcor REIT | 0.06 | 8.78 | 9.78 | 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.
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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 8/10 and dividend growth score of 5/10. 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 49 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.
How can I buy stocks for True North Commercial REIT?
You can easily buy the TNT.UN stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.