True North Commercial Real Estate Investment Trust Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Daniel Drimmer

Chief executive officer

CA$5.6k

Total compensation

CEO salary percentage	n/a
CEO tenure	11.9yrs
CEO ownership	11.4%
Management average tenure	no data
Board average tenure	5.4yrs

Recent management updates

Recent updates

CEO

Daniel Drimmer (51 yo)

11.9yrs

Tenure

CA$5,600

Compensation

Mr. Daniel Drimmer serves as Chairman of Northview Residential REIT (formerly known as Northview Fund) (formerly known as Northview Canadian High Yield Residential Fund) and has been its Director since Apr...

Board Members

Name	Position	Tenure	Compensation	Ownership
Daniel Drimmer	Chairman of the Board & CEO	11.9yrs	CA$5.60k	11.4% CA$ 18.4m
Martin Liddell	CFO & Trustee	1.4yrs	CA$290.00k	0.029% CA$ 47.4k
Tracy Sherren	Company Secretary & Trustee	5.4yrs	CA$960.99k	0.011% CA$ 17.1k
Alon Ossip	Independent Lead Trustee	11.9yrs	CA$55.60k	0.20% CA$ 322.1k
Sandy Poklar	Independent Trustee	11.9yrs	CA$63.10k	0.072% CA$ 115.2k
Lindsay Brand	Independent Trustee	2.4yrs	CA$45.60k	0.00020% CA$ 322.0
Lora Gernon	Independent Trustee	1.4yrs	CA$21.10k	no data

5.4yrs

Average Tenure

54yo

Average Age

Experienced Board: TNT.UN's board of directors are considered experienced (5.4 years average tenure).

True North Commercial Real Estate Investment Trust Management

Management criteria checks 3/4

Key information

Recent management updates

True North Commercial Real Estate Investment Trust, Annual General Meeting, Jun 17, 2024

Chairman of the Board & CEO recently bought CA$144k worth of stock

Chairman of the Board & CEO recently bought CA$84k worth of stock

Chairman of the Board & CEO recently bought CA$66k worth of stock

Chairman of the Board & CEO recently bought CA$105k worth of stock

True North Commercial Real Estate Investment Trust Announces Election of Trustees

Recent updates

Third quarter 2024 earnings released

True North Commercial Real Estate Investment Trust to Report Q3, 2024 Results on Nov 12, 2024

Price target increased by 8.8% to CA$10.25

Second quarter 2024 earnings released

True North Commercial Real Estate Investment Trust to Report Q2, 2024 Results on Aug 06, 2024

An unknown buyer completed the acquisition of 9200 Glenlyon Parkway from True North Commercial Real Estate Investment Trust (TSX:TNT.UN).

First quarter 2024 earnings released

New minor risk - Market cap size

True North Commercial Real Estate Investment Trust to Report Q1, 2024 Results on May 07, 2024

True North Commercial Real Estate Investment Trust, Annual General Meeting, Jun 17, 2024

Full year 2023 earnings released

An unknown buyer acquired 251 Arvin Avenue located in Hamilton, Ontario from True North Commercial Real Estate Investment Trust (TSX:TNT.UN) for CAD 2.7 million.

Price target decreased by 51% to CA$9.26

New minor risk - Market cap size

True North Commercial Real Estate Investment Trust to Report Q4, 2023 Results on Mar 19, 2024

Chairman of the Board & CEO recently bought CA$144k worth of stock

Chairman of the Board & CEO recently bought CA$84k worth of stock

Chairman of the Board & CEO recently bought CA$66k worth of stock

Price target increased by 114% to CA$18.16

Chairman of the Board & CEO recently bought CA$105k worth of stock

Price target decreased by 19% to CA$1.48

New minor risk - Market cap size

Price target decreased by 24% to CA$2.13

Upcoming dividend of CA$0.025 per share at 15% yield

True North Commercial Real Estate Investment Trust to Report Q3, 2023 Results on Nov 13, 2023

True North Commercial Real Estate Investment Trust Announces October 2023 Monthly Cash Distribution, Payable on November 15, 2023

Price target decreased by 9.3% to CA$2.81

Upcoming dividend of CA$0.025 per share at 13% yield

True North Commercial Real Estate Investment Trust Announces September 2023 Distribution, Payable on October 16, 2023

Upcoming dividend of CA$0.025 per share at 12% yield

True North Commercial Real Estate Investment Trust Announces Distribution for August 2023, Payable on September 15, 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released

An unknown buyer completed the acquisition of 32071 South Fraser, Abbotsford, British Columbia totaling 52,300 square feet from True North Commercial Real Estate Investment Trust (TSX:TNT.UN).

Now 20% undervalued after recent price drop

Upcoming dividend of CA$0.025 per share at 11% yield

True North Commercial Real Estate Investment Trust Announces July 2023 Distribution, Payable on August 15, 2023

True North Commercial Real Estate Investment Trust to Report First Half, 2023 Results on Aug 03, 2023

An unknown buyer completed the acquisition of 107,100 SF Office Property Located at 360 Laurier Avenue West, Ottawa from True North Commercial Real Estate Investment Trust (TSX:TNT.UN).

An unknown buyer completed the acquisition of 107,100 SF Office Property Located at 360 Laurier Avenue West, Ottawa from True North Commercial Real Estate Investment Trust (TSX:TNT.UN).

True North Commercial Real Estate Investment Trust Announces Election of Trustees

Upcoming dividend of CA$0.025 per share at 13% yield

True North Commercial Real Estate Investment Trust Announces June 2023 Distribution, Payable on July 17, 2023

Upcoming dividend of CA$0.025 per share at 11% yield

True North Commercial Real Estate Investment Trust Announces Monthly Cash Distribution for the May 2023, Payable on June 15, 2023

First quarter 2023 earnings released

Chairman of the Board & CEO recently bought CA$513k worth of stock

Less than half of directors are independent

Independent Lead Trustee recently bought CA$906k worth of stock

Full year 2022 earnings released

Upcoming dividend of CA$0.05 per share at 9.6% yield

True North Commercial Real Estate Investment Trust Announces February 2023 Distribution, payable on March 15, 2023

True North Commercial Real Estate Investment Trust to Report Q4, 2022 Results on Mar 07, 2023

Price target decreased by 8.5% to CA$5.90

Upcoming dividend of CA$0.05 per share

True North Commercial Real Estate Investment Trust Announces Cash Distribution for January 2023, Payable on February 15, 2023

Upcoming dividend of CA$0.05 per share

True North Commercial REIT Announces December 2022 Distribution, Payable on January 16, 2023

True North Commercial Real Estate Investment Trust Announces Management Changes, Effective January 13, 2023

Upcoming dividend of CA$0.05 per share

True North Commercial REIT Announces November 2022 Distribution, Payable on December 15, 2022

Less than half of directors are independent

Third quarter 2022 earnings released

Now 21% undervalued after recent price drop

True North Commercial Real Estate Investment Trust Announces October 2022 Distribution, Payable on November 15, 2022

True North Commercial Real Estate Investment Trust to Report Q3, 2022 Results on Nov 02, 2022

Upcoming dividend of CA$0.05 per share

True North Commercial Real Estate Investment Trust Announces September 2022 Distribution, Payable on October 17, 2022

True North Commercial Real Estate Investment Trust (TSX:TNT.UN) completed the acquisition of 174,000 Sq ft Office Property at 400 Cumberland Street, Ottawa.