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True North Commercial Real Estate Investment TrustTSX:TNT.UN Stock Report

Market Cap CA$128.1m
Share Price
n/a
1Y-6.9%
7D1.0%
1D-0.6%
Portfolio Value
​
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True North Commercial Real Estate Investment Trust

TSX:TNT.UN Stock Report

Market Cap: CA$128.1m

True North Commercial Real Estate Investment Trust (TNT.UN) Stock Overview

An unincorporated, open-ended real estate investment trust. More details

TNT.UN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends4/6

Rewards

Trading at 67.3% below our estimate of its fair value

Risk Analysis

Interest payments are not well covered by earnings

Earnings have declined by 57.6% per year over past 5 years

Does not have a meaningful market cap (CA$128M)

Unstable dividend track record


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True North Commercial Real Estate Investment Trust Competitors

Price History & Performance

Summary of share price highs, lows and changes for True North Commercial Real Estate Investment Trust
Historical stock prices
Current Share PriceCA$8.84
52 Week HighCA$9.67
52 Week LowCA$7.99
Beta1.04
1 Month Change3.88%
3 Month Change4.93%
1 Year Change-6.95%
3 Year Change-43.48%
5 Year Change-79.64%
Change since IPO-80.78%

Recent News & Updates

Recent updates

Shareholder Returns

TNT.UNCA Office REITsCA Market
7D1.0%1.0%0.3%
1Y-6.9%-37.5%28.3%

Return vs Industry: TNT.UN exceeded the Canadian Office REITs industry which returned -37.5% over the past year.

Return vs Market: TNT.UN underperformed the Canadian Market which returned 28.3% over the past year.

Price Volatility

Is TNT.UN's price volatile compared to industry and market?
TNT.UN volatility
TNT.UN Average Weekly Movement1.6%
Office REITs Industry Average Movement4.3%
Market Average Movement9.5%
10% most volatile stocks in CA Market16.6%
10% least volatile stocks in CA Market3.6%

Stable Share Price: TNT.UN has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: TNT.UN's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2012n/aDaniel Drimmerwww.truenorthreit.com

True North Commercial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. The REIT currently owns and operates a portfolio of 37 commercial properties consisting of approximately 4.4 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit rated tenants. The REIT is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist.

True North Commercial Real Estate Investment Trust Fundamentals Summary

How do True North Commercial Real Estate Investment Trust's earnings and revenue compare to its market cap?
TNT.UN fundamental statistics
Market capCA$128.07m
Earnings (TTM)-CA$32.60m
Revenue (TTM)CA$128.86m
1.0x
P/S Ratio
-3.8x
P/E Ratio

Is TNT.UN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TNT.UN income statement (TTM)
RevenueCA$128.86m
Cost of RevenueCA$60.89m
Gross ProfitCA$67.98m
Other ExpensesCA$100.58m
Earnings-CA$32.60m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 13, 2026

Earnings per share (EPS)-2.32
Gross Margin52.75%
Net Profit Margin-25.30%
Debt/Equity Ratio197.7%

How did TNT.UN perform over the long term?

See historical performance and comparison

Dividends

7.8%
Current Dividend Yield
25%
Payout Ratio

Does TNT.UN pay a reliable dividends?

See TNT.UN dividend history and benchmarks
When do you need to buy TNT.UN by to receive an upcoming dividend?
True North Commercial Real Estate Investment Trust dividend dates
Ex Dividend DateJul 31 2026
Dividend Pay DateAug 17 2026
Days until Ex dividend7 days
Days until Dividend pay date24 days

Does TNT.UN pay a reliable dividends?

See TNT.UN dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/23 22:27
End of Day Share Price 2026/07/23 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

True North Commercial Real Estate Investment Trust is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark RothschildCanaccord Genuity
Brendon AbramsCanaccord Genuity
Dean WilkinsonCIBC Capital Markets